the staff of the Ridgewood blog
Paramus NJ, on Thursday, Hertz Global Holdings (HTZ.O) announced plans to divest approximately 20,000 electric vehicles (EVs) from its U.S. fleet, constituting roughly one-third of its global EV fleet.
Hertz stated its intention to reinvest a portion of the proceeds generated from the sale of the EVs in the acquisition of gasoline-powered vehicles, aligning with customer demand.
The car rental company indicated that the sales would contribute to recognizing approximately $245 million during the fourth quarter of 2023.
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