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...Some car rental groups operate a “buyback” model, where the manufacturer agrees to repurchase the vehicle at a set price....
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...The people with knowledge of Tesla’s plans said it would send a team from the US by late April to study sites for the plant, focusing on states with existing automotive hubs, including Maharashtra and Gujarat...
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...Existing short-term rentals will be reclassified automatically....
...Earlier this year, residents in Paris voted to ban rental e-scooters, shutting down what had once been the industry’s largest market....
...There are also F1 links to the new Series 1 e-scooter from Lavoie, an e-mobility company founded by McLaren Applied, supplier to the motorsport and automotive industries....
...The US short-term rental group is a top-level sponsor of the games....
...The company’s last proxy filing states that he remains eligible for free Hertz car rentals for the rest of his life....
Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
...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...
...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....
...Holiday rental platform Airbnb launched a $6bn share buyback programme on Tuesday as it said 2024 would be an “inflection point” for its business....
...The economics of scooter rentals have never made sense at any level. The cost of buying and maintaining a fleet is high. Yet rental prices need to stay low to keep riders....
...In the last quarter, US chip designer Nvidia revealed that revenue from its automotive business fell 4 per cent year over year. In some regards, Apple had the right idea....
...“We’ve noticed a significant trend towards travellers opting for luxury vans over traditional sedan cars,” says Tom Ripert, CEO of Rolzo, a private chauffeur and premium car-rental service....
...Italian prosecutors said Airbnb had failed to comply with a 2017 law obliging short-term rental platforms to collect 21 per cent of landlords’ rental income on behalf of tax authorities....
...Offering rentals of up to a year represented a “huge opportunity”, Chesky said....
...The move by the San Francisco-based group comes after Facebook parent Meta announced its debut dividend earlier this month, triggering a record leap in its stock price, while home rental site Airbnb expanded...
...Ansys, which has headquarters in Pennsylvania and has its origins in structural analysis tools, makes engineering simulation software used in industries from automotive and construction to healthcare and...
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...Daniel Kollar, an automotive expert at consultancy Intralink, said Tesla’s China performance had remained strong but the company faced challenges from local competition, a renaissance of hybrid cars and...
...I can report that Los Angeles in January is a lot more pleasant than New York in January, and that the best song to blast out of your rental car window on Rodeo Drive is the Decemberists’ “Los Angeles, I...
...A record 1.2mn EVs were sold in the US in 2023, including 317,168 in the fourth quarter, according to data from Kelley Blue Book, a research company owned by data group Cox Automotive....
...Internet giants Alibaba, Tencent and ByteDance have taken measures to limit the rental of Nvidia’s GPUs and have reserved the majority of these stockpiled AI processors for internal use and important clients...
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