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...In 2022, Hertz agreed to buy 65,000 Polestar cars over five years in a deal likely worth $3bn as part of its ambition for EVs to make up a quarter of its rental fleet by the end of 2024....
...The chief executive of Hertz will step down from his role at the car rental group as it pivots away from a bet on electric vehicles, which proved expensive for the company to service....
...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
...In today’s newsletter: Everybody Hertz sometimes Unilever says goodbye to ice cream European bank bonuses dip, unsurprisingly A Wall Street rental car dream becomes a nightmare A year ago, Hertz released...
...Car rental group Hertz is to sell one-third of its global electric vehicle fleet to fund the purchase of more internal combustion engine cars, as demand for traditional vehicles remains strong....
...The reductions will probably include Teslas, which Hertz chief executive Steven Scherr said had become “a more expensive proposition” after their price cuts....
...And as a person who rents cars from time to time, I was hesitant to ever take one because it was new and I didn’t know about how the charging worked and whether I’d find a charger....
...Hertz can be considered, at least in part, a highly leveraged bet on used-car prices....
...That requires a large customer base, hence Tesla’s transition from high-end, six-figure vehicles to more affordable models and deals with Uber and Hertz....
...“Enormous inventory pressure has forced dealers to sell cars at a razor-thin margin or even at a loss.” Dealers have also had to adapt to changing business models for selling cars....
...Recent announcements from rental car group Hertz and carmaker Ford will temper hopes of that....
...(The car rental agency Hertz is selling a third of its electric fleet partly because of high damage costs.)...
.... . despite a further slowdown in the rent category (+0.36% vs. +0.39% in December), the large and persistent owners’ equivalent rent category (OER) jumped to a 9-month high of +0.56% (largest gap vs. rent...
...In the middle of Hong Kong’s business district, on the site of a former car park, an unusual addition to the city’s famous skyline is nearing its opening date....
...The figures show petrol car prices fell 0.8 per cent in the past year, compared with a fall of 1.7 per cent for diesel car prices. But the new data would have no overall impact on the CPI, the ONS said....
...Orenthal James Simpson’s grace on the football field, good looks and charisma led to a successful career as a pitchman for Hertz rental cars and as an actor in films such as The Towering Inferno and The...
...Paris has conditioned subsidies, including a leasing scheme allowing low-income commuters to rent an electric car for €100 per month, on the carbon emitted in the production and transport of the vehicle....
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...cars....
...Specifically, this allows them to extract an economic rent from those businesses, either for personal gain or for the benefit of their political parties....
...US hedge fund Knighthead Capital, which made big profits from its bet on rental car company Hertz, acquired Birmingham City last summer and brought in NFL superstar Tom Brady as an adviser and small shareholder...
...No one knows the “right” lag time to expect between the Zillow rent and CPI rent data; it could simply be longer than anticipated....
...Hertz painted an upbeat picture for the months ahead, predicting that revenue growth would not slide in its first quarter, as demand for its rental cars remains robust even amid higher prices....
...The titular question isn’t rhetorical, but one engagingly grappled with by the comedian Geoff Norcott, who can’t decide whether to open a college fund for his son or to invest in a new car instead....
...local car services....
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