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“ By piling into EVs as car prices were peaking, a fact visible at every showroom in the country, the two had made the most classic of Wall Street errors, buyin
by eagerpace 3y ago
“ By piling into EVs as car prices were peaking, a fact visible at every showroom in the country, the two had made the most classic of Wall Street errors, buying high and selling low. ”
They also mention at the beginning of the article the numerous failed CEOs and attempts to turn around the company over the last 20 years.
- lotsofpulp 3y agoThey should also mention their plummeting reputation due to erroneously reporting rental cars stolen causing innocent people to get arrested. All I need to know about Hertz is that their quality or prices are so bad that costcotravel.com does not list them.
- Digit-Al 3y agoThis is mentioned in the article.
- mannykannot 3y agoThe last time we rented from Hertz (and by 'last time', I don't just mean just 'most recent') they attempted to invoke a bogus 'smoking in the car' penalty, after having taken various steps to hide the existence of a residual smoke smell before we drove off the lot. Fortunately, we were still in the area when the bogus charge appeared on the email receipt, and after we confronted the perpetrator's co-workers in person (the perpetrator himself conveniently taking a break at the time - perhaps smoking in one of their other cars), the charge was dropped. Costcotravel.com is the way we do it now, too.
- adolph 3y ago> numerous failed CEOs and attempts to turn around the company Ok, let's say they have been through this cycle annually. That would make it about 1/31,536,000 Hertz?