GM, Hertz make deal to deploy up to 175,000 EVs [Reuters]
Hertz Global Holdings, Inc (HTZ)
Last hertz global holdings, inc earnings: 2/24 04:05 pm
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Source: Reuters
Sept 20 (Reuters) - Rental car company Hertz Global Holdings (HTZ.O) plans to order up to 175,000 General Motors Co (GM.N) electric vehicles over the next five years, its latest move toward zero-emission models. The multi-billion dollar, multi-year deal could be the first of many GM agreements to supply electric vehicles to rental car companies, said Steve Carlisle, the automaker's North American operations chief, on a conference call. "It's an enormous first step," Carlisle said, adding that GM is in talks about similar deals with other rental car companies. GM shares fell more than 5% Tuesday afternoon following rival Ford Motor Co's warning late Monday that supply chain costs were $1 billion higher than expected in the third quarter. Ford shares were down more than 11%. read more Automakers have cut reliance on low-profit, bulk sales to rental car agencies as supply chain problems curtailed production. Carlisle said GM expects to deliver electric vehicles to Hertz at close
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HTZ
News
- Analysts Estimate Hertz Global Holdings, Inc. (HTZ) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
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- Here's How Much O.J. Simpson Made From Endorsement Deals With Hertz, Chevrolet And Others—Before His Murder Trial [Forbes]Forbes
- Hertz Global Holdings, Inc. to Announce First Quarter 2024 Financial Results on April 25th [Yahoo! Finance]Yahoo! Finance
HTZ
Earnings
- 2/6/24 - Miss
HTZ
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- HTZ's page on the SEC website