Hertz (HTZ) posted a larger-than-forecasted loss in the fourth quarter, weighed down by the trimming down of its EV fleet. Yahoo Finance's Pras Subramanian breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Hertz (HTZ) posted a larger-than-forecasted loss in the fourth quarter, weighed down by the trimming down of its EV fleet.
Yahoo Finance's Pras Subramanian breaks down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Bloomberg
(Bloomberg) -- Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildKing Charles Treated for Cancer in New Royal Health ScareWall Street Snubs China for India in a Historic Markets ShiftWhy NYC Apartment Buildings Are on Sale Now for 50% OffThe ren
Yahoo Finance
Ford (F) shares are pulling higher after hours after the automaker reported fourth quarter sales that easily topped expecations, and projected a full-year profit outlook that beat estimates, though the company still sees more losses for its EV unit. The results come after GM reported strong results and profit guidance last week that indicated strength in the overall US auto sector.
Barrons.com
You’d never know it by looking at the stock prices of General Motors or Ford Motor but the traditional car business is just fine. Investors in search of additional reassurance should note that Toyota is also investing more in battery electric vehicles—an area Ford and GM investors have become wary of lately. What’s more, Toyota raised its operating profit guidance to about $33 billion from $30 billion for its full fiscal year ending in March.