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Hertz cites weak demand, high damage costs in decision to downsize EV fleet

Por: MarketWatch Business January 11, 2024

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The move is aimed at better balancing supply and expected demand for EVs, allowing the car-rental company to scrap a disproportionate number of lower-margin rentals and reduce damage expense associated with EVs. Collision and damages costs for EVs remained high in the fourth quarter, Hertz said The charge is on top of the depreciation costs it expects to record in the quarter in the ordinary course of managing its fleet. The news is the latest... + full article



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