Hertz CEO Stephen Scherr Resigns After Electric Vehicle Investment Hits Roadblock

Sunday, 17 March 2024, 12:01
Hertz CEO Stephen Scherr steps down following the company's ill-fated venture into electric vehicles, which struggled due to exorbitant costs and lackluster consumer interest. The failed EV push led to Scherr's resignation, signaling a setback for Hertz's strategic direction under his leadership.
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Hertz CEO Stephen Scherr Resigns After Electric Vehicle Investment Hits Roadblock

Hertz CEO Stephen Scherr Resigns

Hertz CEO Stephen Scherr is resigning after the car rental company's investment in electrical vehicles failed over high costs and low demand.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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