Thu 06/20/2024 14:04 PM
Relevant Items:
June 20 8-K
Q1’24 10-Q
FY’23 10-K
Amid challenges associated with electric vehicles in Hertz Global Holdings Inc.’s fleet and declining used vehicle prices, Reorg estimates that Hertz is burning cash at both its rental car business and in its fleet management activities.
In particular, Reorg estimates that Hertz has burned cash at a corporate level even before accounting for the impact in residual car...
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