8chan/8kun QResearch Posts (3)
#20600346 at 2024-03-21 09:21:48 (UTC+1)
Q Research General #25265: Last Bread of the Night Edition
Hertz CEO steps down following costly failed EV push
theblaze.com/news/hertz-ceo-steps-down-following-costly-failed-ev-push
Candace HathawayMarch 18, 2024
Hertz Global Holdings Inc. announced that its chief executive officer, Stephen Scherr, will step down from his position at the end of the month, according to a Friday press release.
Earlier this year, the rental car company moved to trim its electric vehicle inventory despite previously setting targets to transition 25% of its fleet to EVs by the end of 2024. Citing costly repairs, Hertz stated that it would sell 20,000 vehicles, or roughly one-third of its global EV fleet, and reinvest the funds in gas-powered alternatives.
The company agreed to purchase 100,000 Teslas by the end of 2022 and 65,000 Polestar vehicles over the next several years. Hertz has since re-evaluated its EV investments.
In January, Hertz's used car website listed more than 700 EVs for sale, including Tesla Model 3 and Model Y vehicles, BMW's i3, and Chevrolet's Bolt. The firm aims to have all of the cars sold by 2025.
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According to Hertz, the costs associated with collision and damage repairs for EVs were significantly higher than those of gas-powered vehicles.
"[C]ollision and damage repairs on an EV can often run about twice that associated with a comparable combustion engine vehicle," Scherr stated at the time of the announcement.
"Remember, in the likes of GM and other [automakers], there's decades of establishment of a broad national parts supply network," Scherr explained. "There's an aftermarket of parts that is there, that is less mature, obviously, in the context of Tesla."
"The MSRP declines in EVs over the course of 2023, driven primarily by Tesla, have driven the fair market value of our EVs lower as compared to last year, such that a salvage creates a larger loss and, therefore, greater burden," he added.
"Expenses related to collision and damage, primarily associated with EVs, remained high in the quarter," Hertz stated in a January regulatory filing. The company announced last month its largest quarterly loss since 2020 following its decision to pull back on its EV goals.
After two years with the company, Scherr will step down from his position as CEO and will no longer be on the company's board of directors.
Gil West, the former chief operating officer of Delta Airlines and General Motors' Cruise unit, will serve as Hertz's new CEO beginning April 1.
#20583416 at 2024-03-18 00:48:35 (UTC+1)
Q Research General #25245: Luck O' The Q+ Day Edition
https://www.zerohedge.com/markets/hertz-ceo-out-firm-seeks-traction-after-big-ev-bet-goes-bust
Hertz CEO Out As Firm Seeks Traction After
Big EV Bet Goes Bust
Zero Hedge, by Tyler Durden
Posted By: DVC, 3/17/2024 7:34:06 PM
CEO Stephen Scherr's barely two-year ride with Hertz came to a screeching halt on Friday. In his wake, he leaves a company still working to recover from a big bet on electric vehicles gone bad. It will do so under new CEO Gil West, whose previous posts include executive roles at Delta Air Lines and the Cruise unit of General Motors. Scherr, who came on board in February 2022 after 30 years at Goldman Sachs, ushered the company through its emergence from bankruptcy. Hertz's EV push began in the previous year, with a splashy move to order 100,000 Tesla Model 3 vehicles.
#10410821 at 2020-08-25 05:35:49 (UTC+1)
Q Research General #13323: Chaos in Kenosha
Resignations in the news 8/24/2020
Constable Chris Taylor resigns as Assistant Chief Minister
https://jerseyeveningpost.com/news/2020/08/24/constable-chris-taylor-resigns-as-assistant-chief-minister/
Zappos CEO Tony Hsieh, champion of downtown Las Vegas, retires
https://www.reviewjournal.com/business/zappos-ceo-tony-hsieh-champion-of-downtown-las-vegas-retires-2102935/
Dara Calleary resigns as Fianna Fáil's deputy leader
https://www.rte.ie/news/ireland/2020/0824/1160924-dara-calleary/
CEO of Health & Hospital Corporation of Marion County to step down
https://cbs4indy.com/news/ceo-of-health-hospital-corporation-of-marion-county-to-step-down/
USC Keck School of Medicine dean stepping down after 3 years
https://ktla.com/news/local-news/usc-keck-school-of-medicine-dean-stepping-down-after-3-years/
Columbus City Schools' chief academic officer resigns
https://www.dispatch.com/news/20200824/columbus-city-schoolsrsquo-chief-academic-officer-resigns
Mainstream's Andy Kinsella resigns as CEO, CFO promoted
https://www.renewablesnow.com/news/mainstreams-andy-kinsella-resigns-as-ceo-cfo-promoted-710933/
Cooper steps down as Eurostar chief executive
https://www.breakingtravelnews.com/news/article/cooper-steps-down-as-eurostar-chief-executive/
Gordon, Garbarino Vie To Replace Retiring Rep. King
https://www.longislandpress.com/2020/08/24/gordon-garbarino-vie-to-replace-retiring-rep-king/
Zambia Bonds, Kwacha Slump After Central Bank Governor Fired
https://archive.vn/VZX13
North Dakota commerce chief becomes 2nd Burgum cabinet member to resign in a week
https://www.inforum.com/news/government-and-politics/6630525-North-Dakota-commerce-chief-becomes-2nd-Burgum-cabinet-member-to-resign-in-a-week
PCSO deputy retiring after serving Payne County over 40 years
https://www.stwnewspress.com/news/psco-deputy-retiring-after-serving-payne-county-over-40-years/article_902bda2a-444d-5614-8186-bf7a4fc7b46f.html
PwC resigns as auditor of gold miner Petropavlovsk on governance concerns
https://www.cityam.com/pwc-resigns-as-auditor-of-gold-miner-petropavlovsk-on-governance-concerns/
Prominent American activist resigns from UAE peace forum over Israel statement
https://www.middleeasteye.net/news/uae-peace-forum-israel-normalising-ties-aisha-aladawiya
Delta COO Gil West retiring
https://www.bizjournals.com/atlanta/news/2020/08/24/Gil-West-retiring-delta-coo.html
Lady Smith to step down as tribunals president
https://www.scottishlegal.com/article/lady-smith-to-step-down-as-tribunals-president
The Athletic Director at the College of Saint Benedict is stepping down.
https://wjon.com/csb-athletic-director-to-step-down/?utm_source=tsmclip&utm_medium=referral
Jeff Rogut to step down as AACS CEO in November
https://www.c-store.com.au/jeff-rogut-to-finish-up-as-aacs-ceo-in-november/
TFI International Announces Resignation of Independent Director Arun Nayar
https://www.globenewswire.com/news-release/2020/08/24/2082558/0/en/TFI-International-Announces-Resignation-of-Independent-Director-Arun-Nayar.html
McKenna resigns from school board
https://www.hngnews.com/milton_courier/article_c8eea5b4-0518-5feb-8111-f228a92224ab.html
8chan/8kun QResearch CANADA Posts (1)
#20585032 at 2024-03-18 13:22:55 (UTC+1)
Q Research Canada #55: Techno-Tyranny Edition
Hertz CEO Resigns After Blowing Big Gamble on EVs
https://www.thegatewaypundit.com/2024/03/hertz-ceo-resigns-blowing-big-gamble-evs/
Stephen Scherr, chief executive officer of Hertz Global Holdings Inc. and a member of its board of directors, will step down on March 31, following the car rental company's largest quarterly loss since 2020 after a risky bet on electric vehicles.
According to Fox Business, Scherr is working with Gil West, former chief operating officer of Delta Airlines and General Motors' Cruise unit, to ensure a smooth transition.
West will officially start his new role at Hertz on April 1.
Scherr, 59, joined Hertz two years ago as the company was emerging from bankruptcy and putting a big focus on EVs during that time. Prior to that, he spent nearly 30 years at Goldman Sachs.
According to Quartz, Hertz soon discovered that EVs are more expensive to maintain than they had initially thought. Continue…
endchan qrbunker Posts (1)
#161351 at 2025-09-23 16:28:00 (UTC+1)
QR Bunker General #489: Put your enemy in the wrong and keep him so - Samuel Adams
>>161325, >>161326, >>161327, >>161328, >>161329, >>161329, >>161330, >>161331, >>161332, >>161333, >>161334, >>161335, >>161336, >>161337, >>161338, >>161339, >>161340, >>161341, >>161342, >>161343, >>161344, >>161345, >>161346, >>161347, >>161348, >>161349, >>161350
Rep. Mike Collins @RepMikeCollins - On this day in history in 1779, John Paul Jones commanded the U.S. ship Bonhomme Richard in a victory against British warships off the eastern coast of England during the American Revolution.
Jones led the Bonhomme Richard in an intense battle against the British warships. Despite heavy damage, he famously declared, "? ???? ??? ??? ????? ?? ?????" when one of the captains of the British ships asked if he was ready to surrender. After three hours, the British ships surrendered. The Bonhomme Richard sank the following day.
https://x.com/RepMikeCollins/status/1970443898775322701
Rep. Nancy Mace @RepNancyMace - Cory Mills is now "blowing" me up over text. He even sent a photo saying he was injured in a blast showing blood on his pants.
The blood, however, is of another soldier who was actually blown up ("allegedly").
Cory Mills is highly regarded. And totally stolen valor.
https://x.com/RepNancyMace/status/1970096422508003631
Rep. Nancy Mace @RepNancyMace - That moment when you realize everything this guy claimed is a lie, and that he can't back any of it up. When you actually pay attention to the words he says, you realize:
1. His words don't make any sense
2. You previously weren't paying any attention at all to what he was actually saying
Because most of what he says isn't saying anything at all. It's just a waterfall of words, pablum and doublespeak. No real paperwork to back any of it up either.
https://x.com/RepNancyMace/status/1970134295642624229
Rep. Nancy Mace @RepNancyMace - We sent a letter to Hertz CEO Gil West requesting a full briefing on their use of AI-powered vehicle scanners, which have reportedly billed customers hundreds of dollars for minor scuffs, without human review.
As Chair of the House Subcommittee on Cybersecurity, Information Technology, and Government Innovation, we are committed to ensuring transparency and fairness in the use of emerging technologies.
Hertz owes the American people answers.
https://x.com/RepNancyMace/status/1970137325695898025
Rep. Nancy Mace @RepNancyMace - Today's cover of the @nypost. When the world expected anger, Erika Kirk chose forgiveness.
https://x.com/RepNancyMace/status/19701483305221739467
Richard Grenell @RichardGrenell - Trump:
"We need the Arts to be great again. Let's Fix the Kennedy Center's finances."
The Media:
"AHHHHH! The sky is falling. Trump has taken over the Kennedy Center"
Breaking News today:
"Broadway is dying. People aren't showing up for the shows we are doing."
https://x.com/RichardGrenell/status/1970230717792575554
Rick Scott @SenRickScott - I'm with you, @SenRonJohnson.
The American people are sick of the constant threat of a government shutdown with Democrats' ridiculous demands. Let's take shutdowns off the table to end this chaos and get to work on passing real appropriations bills.
Quote
Senator Ron Johnson @SenRonJohnson
The Eliminate Shutdowns Act would end the drama and turmoil of annual funding fights.
Read more about this proposal in my Wall Street Journal op-ed ?
https://x.com/SenRickScott/status/1970148418069930008
Ripley's Believe It or Not! - Daily Comic
https://www.theepochtimes.com/epochfun/ripleys-believe-it-or-not-epoch-comics-5108164
Robert W Malone, MD @RWMaloneMD - If the data show Tylenol use in infants is strongly linked to development of Autism, what does this mean for the pediatricians and pediatric professional societies that have told generations of parents that Tylenol is safe and effective for treating fever and febrile seizures in infants? Accountability? Trust?
https://x.com/RWMaloneMD/status/1970147706984137008
RSBN @RSBNetwork - Video: "DON'T TAKE TYLENOL!" - President Trump
https://x.com/RSBNetwork/status/1970240497487679612
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