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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