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Updated Jan. 11, 2024 10:59 am ET

Hertz is selling about a third of its global electric vehicle fleet, citing weaker demand for its electrified rentals.

The car-rental company said in a regulatory filing on Thursday that it would use part of the proceeds from selling about 20,000 EVs in the U.S. to purchase internal-combustion-engine vehicles.

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This post first appeared on wsj.com

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