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Hertz CEO Resigns After Blowing Big Gamble on EVs
Western Journal ^ | 17 March 2024 | Adelle Nazarian

Posted on 03/18/2024 4:02:50 AM PDT by Sam77

click here to read article


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1 posted on 03/18/2024 4:02:50 AM PDT by Sam77
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To: Sam77

Excerpt...

“In November, the Associated Press reported on a Consumer Reports survey that found EVs from the 2021 to 2023 model years are significantly less reliable than gasoline-powered vehicles.

A whopping eighty percent less reliable, according to the AP, particularly with battery and charging systems, as well as fit issues with body panels and interiors.”


2 posted on 03/18/2024 4:06:12 AM PDT by newfreep ("There is no race problem...just a problem race")
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To: Sam77

Far worse, disastrous, government policies continue because the government rarely reports honestly to shareholders. In private enterprise when you really screw up, you get canned. Not in government. Hence, Biden, Newsome, Harris, Schiff, ...


3 posted on 03/18/2024 4:07:33 AM PDT by Lonesome in Massachussets (Perdicaris alive or Raisuli dead!)
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To: Sam77

shocking loss to the company and current shareholders.


4 posted on 03/18/2024 4:08:26 AM PDT by Qwapisking ("IF the Second goes first the First goes second" L.Star )
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To: newfreep

Companies and their CEOs self identify as lemmings rushing over cliffs these days instead of using research and common sense with their stockholders’ investments.


5 posted on 03/18/2024 4:12:50 AM PDT by bgill
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To: Qwapisking

It’s not just Hertz, everything these social justice idiots get involved with fails and ends up ruined, just in corporate America, look at Boeing, United, Disney, Hewlitt-Packard, and the list goes on and on....


6 posted on 03/18/2024 4:12:54 AM PDT by srmanuel ( )
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To: Qwapisking

“shocking loss to the company and current shareholders.“

…And entirely predictable by average people who’ve never so much as graduated high school.


7 posted on 03/18/2024 4:15:28 AM PDT by TalBlack (I We have a Christian duty and a patriotic duty. God help us.)
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To: srmanuel

Planet Fitness is trying desperately to join that list of woke failures.


8 posted on 03/18/2024 4:19:55 AM PDT by Blennos ( Byaasea)
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To: Blennos

I am going to Planet Fitness today to cancel my membership. I read about a club in some other state that had a controversy about a transgender woman (aka “disturbed male”) in the women’s locker room. So I went to the corporate website and read that it is the company’s policy to allow those people access to the women’s locker rooms.


9 posted on 03/18/2024 4:24:46 AM PDT by quilterdebbie (We will endeavor to persevere!)
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To: Blennos

I just read about them this morning, they will join Bud Light and a few others in killing the brand and company all over allowing men in the women’s bathrooms and cancelling the membership of anyone who complains.


10 posted on 03/18/2024 4:25:05 AM PDT by srmanuel ( )
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To: Sam77

They canned him for a disastrous EV program then replace him with a guy from GM’s Cruise unit?

Just last December: “General Motors’ troubled Cruise autonomous vehicle unit is cutting over 900 jobs, about a quarter of its workforce, as it moves to reduce costs and remake itself after a series of safety problems in San Francisco.

The subsidiary announced the cuts Thursday in a letter to Cruise’s 3,800 workers from President and Chief Technical Officer Mo ElShenawy, who wrote that the layoffs are not the fault of the workers.”


11 posted on 03/18/2024 4:29:10 AM PDT by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: newfreep

May we chalk this up to total disregard for demand, and operating under the duress of mandated placement of less desirable products in the hands of the consumers?

Just look at what is happening to gas-fueled appliances, and the mandate that homes be all-electric. Where is the electricity going to be coming from? The electric grid is woefully inadequate in places already, and there is not enough infrastructure being built.

Now do not misunderstand, electricity is a perfectly satisfactory means of providing energy for domestic purposes, but the transformation is being forced and not left to market activity.

Placing the cart before the horse has always been a bad engineering choice, in physical, social, and economic terms.


12 posted on 03/18/2024 4:30:06 AM PDT by alloysteel (Most people slog through life without ever knowing the wonders of true insanity.)
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To: Sam77

The problem with a used EV is that it is not a used car. It is a used battery.


13 posted on 03/18/2024 4:30:39 AM PDT by MMusson
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To: Sam77

At least he has admitted he made a mistake. That’s more than we can say about lots of other CEO’s.


14 posted on 03/18/2024 4:44:37 AM PDT by lasereye
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To: Sam77

One would think they would have incorporated a little bit of due diligence and study the infrastructure before they made such a drastic plunge into the EV mark.


15 posted on 03/18/2024 4:49:50 AM PDT by Clutch Martin ("The trouble ain't that there is too many fools, but that the lightning ain't distributed right." )
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To: alloysteel
Just look at what is happening to gas-fueled appliances, and the mandate that homes be all-electric. Where is the electricity going to be coming from? The electric grid is woefully inadequate in places already, and there is not enough infrastructure being built.

One of the more galling parts of these mandates is that the DC poohbahs handing down these edicts for energy-efficient/smart/run forever to minimally do what they're supposed to do appliances leave their cushy federal offices in a gas-powered limo and go out to eat at a restaurant powered by a gas stove on dishes washed in commercial dishwashers and after dinner go home in their gas-powered limo to their posh residences heated by gas furnaces where they change into clothes that were laundered in commercial washers and dryers running the same way they have for 50 years while patting themselves on the back for having done great things that day for the environment by the edicts they handed down.

16 posted on 03/18/2024 4:53:03 AM PDT by Dahoser (I finally figured out what to call him: Fakephonyfraudident Biden.)
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To: MMusson
"The problem with a used EV is that it is not a used car. It is a used battery."

That'll fit nicely on a t-shirt...

17 posted on 03/18/2024 5:01:08 AM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: bgill

No kidding what an idiot. How do you not research to the nth degree.


18 posted on 03/18/2024 5:05:01 AM PDT by KSCITYBOY (The media is corrupt)
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To: quilterdebbie

Well done. Be sure to let them know exactly why you are canceling.


19 posted on 03/18/2024 5:08:22 AM PDT by Blennos ( Byaasea)
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To: ProtectOurFreedom
I'm old enough to remember the saying about business: the customer is always right.

Hertz probably should have a few EV's for the few who want to rent one, that's it. Have most cars be what most customers wanted. Simple.

20 posted on 03/18/2024 5:10:27 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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