All articles tagged with #car rentals
Originally Published 2 months ago — by AP News
The US government shutdown has caused significant disruptions in air travel, leading to increased demand for car rentals, trains, and buses as travelers seek alternative transportation options, especially with the upcoming Thanksgiving holiday.
Originally Published 1 year ago — by Fox Business
Hertz CEO Stephen Scherr is resigning after the company's bet on electric vehicle (EV) rentals failed due to higher repair costs and low demand. The car rental company had previously announced the strategic decision to sell approximately 20,000 EVs from its U.S. fleet and to instead invest in gas-powered cars. The Biden administration had praised Hertz for its EV investment, but the company's pivot away from EVs resulted in its biggest quarterly loss since 2020. Scherr will be replaced by Gil West, the former COO of Delta Airlines and General Motors' Cruise unit, effective April 1.