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Hertz CEO hits the brakes amid EV chaos
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Hertz CEO hits the brakes amid EV chaos
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20th March 2024, 09:28
| #1 |
| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,575
 |  Hertz CEO hits the brakes amid EV chaos EV Hertz, our bottom line Hertz Global Holdings' big cheese, Stephen Scherr, is hanging up his keys on 31 March after the firm's wallet took a whopping hit thanks to a gamble on electric motors. Scherr's replacement will be Gil West from Delta Airlines and GM's Cruise. The plan is to pass the baton without a bump. West is set to take the wheel at Hertz starting April Fool's Day. Scherr, who's been steering Hertz for two years post-bankruptcy, bet the farm on electric vehicles (EVs). But those high-tech rides are pricier to keep up than your nan's old banger! The boss man confessed that Hertz's piggy bank felt a stinging loss of €322 million, and yep, he's pointing fingers at the EVs. https://fudzilla.com/news/58648-hert...-amid-ev-chaos |
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