Major car rental company selling off 10,000 EVs to buy petrol motors instead… amid £155m losses...

A MAJOR car rental company is selling off 10,000 of its EV fleet to buy petrol motors instead amid losses of £155 million.Stock in Hertz tumbled by 24% last week and remains down by 18% as the brand unveiled plans to dump inventory thanks to slow demand.

Bosses announced that it would sell a further 10,000 of its highly-touted EVs, bringing the total number of sales planned for 2024 to 30,000. CEO Gil West, who took the role this month after his predecessor's resignation, admitted that the firm's performance was "weighed" down by the cost of operating and maintaining the fleet.The firm also struggled with the higher average repair costs for electric models compared to traditional motors when crashes do occur.

I was held at gunpoint by cops and taken into custody after Hertz reported the car Nasa rented for me stolen"We're tackling both issues - getting to the right supply of vehicles at an acceptable capital cost while at the same time

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