Hertz Hit With Shareholder Suit Over Costs Tied To EVs

By Emilie Ruscoe (June 5, 2024, 6:58 PM EDT) -- Car rental giant Hertz Global Holdings Inc. and two Hertz executives are facing a proposed investor class action in Florida federal court alleging the company hurt investors by overhyping demand for electric cars only later to announce a nearly $200 million hit to earnings as it worked to offload electric vehicles....

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