Electric Vehicle Giant Hertz Ousts CEO Amid EV Rental Reversal – What Went Wrong?

Atlanta, Georgia – Hertz Global Holdings Inc., one of the world’s largest car rental companies, is undergoing a leadership change as it shifts its focus away from electric vehicles (EVs) back to gas-powered cars due to mounting costs. On Friday, the company announced that CEO Stephen Scherr will be stepping down from his position, effective March 31. Scherr, who had been at the helm for just over two years, is resigning amidst challenges related to …

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