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The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
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Peper, head of GM Fleet and currently U.S. vice president for GM Envolve, will step down on Sept. 1, capping a more than 39-year career with GM.
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Hertz plans to order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop EVs from GM over the next five years.
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Having sold Saab in 2009 and then quit Europe altogether in 2017 when GM Europe sold its Opel and Vauxhall brands to the PSA Group (now Stellantis), GM Europe is nosing its way back to Europe.
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