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The Hertz Meltdown Reveals the Scale of the EV Debacle
Epoch Times ^ | 3/21/2024 | Jeffrey A. Tucker

Posted on 03/23/2024 9:10:43 AM PDT by george76

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To: PGR88

Scherr’s salary was $182 million, 3rd highest for a CEO in the US at the time. I could have happily screwed up the company at least that badly for half that amount.


41 posted on 03/23/2024 9:57:20 AM PDT by Stosh
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To: PGR88

Managers that manage are seen as losers. You are correct without exception.


42 posted on 03/23/2024 10:00:35 AM PDT by Sequoyah101 (Procrastination is just a form of defiance)
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To: Stosh
Scherr’s salary was $182 million, 3rd highest for a CEO in the US at the time.

WOW! did not know that.

Blame the board for promoting his arrogance and stupidity

43 posted on 03/23/2024 10:01:39 AM PDT by PGR88
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To: V_TWIN
The car can be tracked anywhere and shut off at a moment’s notice. 

Please explain. Shut off by whom? Do hybrids have that same feature?

44 posted on 03/23/2024 10:03:01 AM PDT by Lizavetta
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To: ladyjane

I don’t know, but Steven Wright had a joke about speed-reading and hitting a bookmark which knocked him across the room.


45 posted on 03/23/2024 10:03:29 AM PDT by Disambiguator
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To: Gene Eric

It was a fad / trend, and America is a nation of extremes.


46 posted on 03/23/2024 10:06:13 AM PDT by Red6
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To: dragnet2

“Everything the government/leftist touch turns to sh*t!”

So, that’s why the Union Government was preserved for a mere 700,000 human lives.


47 posted on 03/23/2024 10:06:54 AM PDT by Bonemaker (invictus maneo)
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To: Stosh

Gas stations near airports jack up the prices to gouge people returning car rentals.


48 posted on 03/23/2024 10:07:56 AM PDT by Col Frank Slade
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To: george76
Did Hertz think of any of this before they spent $250M on a fleet? Nope. They were just doing the fashionable thing.

I get that the company needed the CEO to fall on his sword, but who were the corporate board members that approved this idiotic plan? Hertz has a lot more housecleaning to do, if they manage to survive.

49 posted on 03/23/2024 10:12:45 AM PDT by Charles Martel (Progressives are the crab grass in the lawn of life.)
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To: pfflier

Here’s an idea: Drive an EV down that stretch of I-70 in Utah that has 106 miles between services. In the wintertime.


50 posted on 03/23/2024 10:15:10 AM PDT by Tolerance Sucks Rocks (FBI out of Florida!)
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To: PGR88; george76
I've met so many business managers and CEOs who, like game-show hucksters, are ready to spend investors and owners' money simply "following the latest thing." In a low-growth, competitive industry like car-rentals, how else does one make a name for oneself or potentially earn $tens of millions in bonuses, unless one places ridiculous bets?

When I was much younger, I worked at a corporate chain of restaurants that would roll out the "new dish of the month" that would be a sensation for a month or two, and then settle into irrelevance. But the restaurant staff would still have to deal with the one or two orders a month, which was a giant pain in the keester.

I called it "another yuppie gets his condo", in reference to the up-and-coming management hotshot that was making a name for himself or herself.

51 posted on 03/23/2024 10:16:20 AM PDT by kiryandil (what Odessa doink?)
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To: george76

Like the Zimmerman and Rittenhouse verdicts, those informed on the right look on and say, “DUH!”


52 posted on 03/23/2024 10:22:52 AM PDT by cuban leaf (2024 is going to be one for the history books, like 1939. And 2025 will be more so, like 1940-1945.)
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To: george76

I hope the ChiComs lose their Obamas over the EV plants they are building in Old Mehico.


53 posted on 03/23/2024 10:28:37 AM PDT by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████s████ █ ███████ ████. FJB.)
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To: pfflier

“The I-95 elites think the whole country can just hop a bus or train to get where they need to go.”

Of course they use chauffeur driven limos.


54 posted on 03/23/2024 10:31:12 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: george76

Government is the main force pushing EVs, let’s wait til government reverses course before declaring victory.


55 posted on 03/23/2024 10:35:10 AM PDT by bigbob
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To: george76

These are the predictable results of the first wave of gullible, over-educated and under-experienced snowflakes with absolutely zero critical thinking skills to assume C suite positions. And I think this level of decision making is the best we’ll see for the next several decades.


56 posted on 03/23/2024 10:35:31 AM PDT by txeagle
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To: fuzzylogic

The automakers saw the success Tesla was having and tried to follow“

That is just a part of it. When Traitor Joe stole 20 he told them he was going to regulate ICE cars off the roads. He had both houses and they had every reason to believe that is exactly what he would do. So to survive they started the painful transition. 3 years and billions in losses later they are screwed but good. In hindsight they should have spent their money fighting the fascist rats in court.


57 posted on 03/23/2024 10:38:48 AM PDT by gibsonguy
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To: pfflier

I used to work for one of the largest phone companies in the nation. I was asked to drive 300 miles to Chicago by a new manager in California. I said ok, and gave him my ETA. He was shocked about how long it would take and said. Well looking at a map. You are 2 inches away….


58 posted on 03/23/2024 10:39:24 AM PDT by midwest_hiker
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To: PGR88
I have the opposite impression of the rental car business.

1. It’s highly competitive, and very difficult for individual companies to sell themselves as a premium value to customers.

2. You’re renting an asset on a short-term basis, and your customers have no incentive to treat those assets well.

3. A big part of your original customer base — business travelers who rented cars at airports on business trips — are now using Uber and Lyft instead.

59 posted on 03/23/2024 10:41:47 AM PDT by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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To: PGR88

Where’s Gomer expressing “Surprise!” when you need him?


60 posted on 03/23/2024 11:00:02 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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