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Hertz says it is making advances slimming its bloated fleet of fast-depreciating cars, tempering concerns about the rental-car company's financial footing as tech giants challenge its business model.
Nissan's decision to boost deliveries to fleet companies carries risk, both to the Japanese automaker and to struggling rental-car giants Hertz and Avis Budget Group.
Hertz lost almost twice as much as expected in the CEO's first quarter at the helm as rental prices tumbled and the company's fleet took a hit from falling used-car values.
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