The changes to Hertz board of directors increases the size of the board to 10 members and the number of independent directors to eight. CEO Stephen Scherr assumes the position of board chair.
Hertz and AAA announced a 5-year extension of their longstanding partnership, creating opportunities to align on strategic initiatives, including taking steps toward expanding consumer adoption for EVs.
By partnering with mayors, Hertz Electrifies will bring electric vehicles to U.S. cities while supporting the build out of charging infrastructure.
The partnership will bring 25,000 electric vehicles to European capitals, a key element of Uber's commitment to become a zero emissions platform in Europe and North America by 2030.
The issue involved Ford Explorer and Nissan Altima vehicles owned by Hertz between 2018 and 2020. The recalls included latches and locks.
The car rental giant will pay $168 million, resolving 95% of its hundreds of claims relating to vehicle theft reporting.
Hertz Sweden and Norway will pilot Ravin's AI visual inspection technology to improve efficiency, objectivity, and standardization across Hertz's operations.
Hertz's Q3 earnings are up 12% year over year, yet car sales gains came in lower as residual values declined steeper than expected.
Through the multi-year partnership, Hertz will use the Palantir Foundry system to create a platform to manage and operate its fleet of nearly 500,000 vehicles.
The car rental operator plans to install a national network of EV charging solutions for Hertz, its customers, and the public, powered by BP Pulse.
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