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Auto rental giant Hertz gave its strongest signal to the markets that it had resurrected from bankruptcy with this week’s news that it would purchase 100,000 Tesla vehicles for a reported $4.2 ...
Hertz also expects to book an about $245 million charge related to depreciation expenses from the proposed EV sale in the fourth quarter of 2023. Rental giant Hertz dumps EVs, including Teslas ...
Hertz is selling off a third of its electric vehicle fleet, which is predominantly made up of Teslas, and will buy gas cars with some of the money it makes from the sales. The company cited lower ...
Hertz made a splash in 2021 when it announced that it would buy 100,000 Tesla Model 3 sedans in a little over a year. Six months later, the rental car company said it would buy 65,000 Polestars ...
Hertz is selling 20,000 EVs and using some of the proceeds to buy gas-powered vehicles. The company cited demand concerns and higher expenses linked to EV repairs for the decision.
Hertz, in reporting an adjusted loss of $1.36 per share, wider than the $0.76 loss expected, was saddled with losses stemming from its decision to sell 20,000 Teslas, representing a third of its ...
Tesla's price war with China is hitting European rental companies in the same way it did Hertz in the U.S. Tesla is rushing to give angry European rental companies big discounts as plunging resale ...
The rental car agency has struck a deal that will see it buy "up to" 65,000 Polestar EVs over the next five years. The initial mix will focus on the Polestar 2 sedan, but should expand to other ...
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