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Hertz Global is actively exploring options to raise financing just weeks after its new CEO pledged to steer the company back on track following a failed investm

Hertz Global Explores Financing Options Following CEO's Commitment to Turnaround

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Hertz Global is actively exploring options to raise financing just weeks after its new CEO pledged to steer the company back on track following a failed investment in electric vehicles, Bloomberg News reported, citing sources familiar with the matter.

Stock Movement

Shares of Hertz Global rose 4.1% in after-hours trading following the news. This comes after the company experienced a record low in April due to reporting a larger-than-expected quarterly loss.

Strategic Steps

  • Financial Advisers: Hertz is working with financial advisers to evaluate its financing options. This move is part of a broader effort to stabilize and improve the company's financial health.

  • CEO's Commitment: The new CEO's recent commitment to revitalize Hertz highlights a strategic shift in the company's approach after setbacks with its electric vehicle investments.

Company Response

Hertz did not immediately respond to a request for comment from Reuters regarding the report.

Market Outlook

The financial markets have shown a positive response to Hertz's proactive steps towards financial stabilization, as indicated by the rise in share prices.

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