INSIDER
Avis' stock soars on earnings blowout, burning short sellers
Read full article: Avis' stock soars on earnings blowout, burning short sellersShares of Avis doubled after the rental car company’s third-quarter results showed it is well on the road to recovery from damage inflicted by the pandemic on the global travel industry.
Tesla falls on Musk tweet saying Hertz deal not signed yet
Read full article: Tesla falls on Musk tweet saying Hertz deal not signed yetShares of Tesla Inc. tumbled almost 4% in midday trading on Tuesday after its CEO and founder Elon Musk tweeted that a contract to sell 100,000 cars to Hertz had not been signed, suggesting the deal had not been finalized.
Need a car? Hertz must sell more than 182,000 vehicles by the end of 2020
Read full article: Need a car? Hertz must sell more than 182,000 vehicles by the end of 2020(Copyright 2020 The Associated Press. Hertz is selling off its fleet of cars after a slump in the rental car business caused the company to file for bankruptcy in May. The company must sell 182,521 vehicles between June 1 and Dec. 31, 2020, according to a United States Securities and Exchange Commission filing. ABC13 in Houston crunched some numbers earlier this summer and found that the Hertz fleet is listed at an average discount of 12% or more. Looking for a new or used car?
Hertz is selling its cars below market value after bankruptcy announcement
Read full article: Hertz is selling its cars below market value after bankruptcy announcementHertz is selling off its fleet of cars after a slump in the rental car business caused the company to file for bankruptcy. The company, which has been renting cars since 1918, filed for bankruptcy in May, according to CNN. ABC13 in Houston crunched some numbers and found that the Hertz fleet is listed at an average discount of 12% or higher. Looking for a new or used car? More than 1,700 vehicles are currently listed on Hertz car sales.