Operations

Hertz To Take Massive Writedown On Aging Fleet Vehicles

Posted on September 10, 2014

Hertz, pressured by some of its largest investors to address operational and accounting missteps, may face a $200 million writedown on its high-mileage fleet, according to an analysis by Bloomberg News. At $200 million it would be more than half of Hertz’s profit in 2013.

Bloomberg/BusinessWeek article here

Related Topics: finance, Hertz, profits, rental cars, vehicle financing

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