Hertz Now Seeking New Funding After Disastrous EV Blunder

Hertz Global (HTZ.O), opens new tab is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News reported, opens new tab, citing people with knowledge of the matter.

 

Shares of the car rental company were up 4.1% after the bell. They had hit a record low in April after the company reported a bigger-than-expected quarterly loss.