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...The group also has other investments in the UK including energy solutions group Aggreko and trailer leasing company TIP....
...Securing regulatory sign-off was one of the largest hurdles to rolling out passenger trials of self-driving fleets in the US....
...Los Angeles-based Air Lease Corporation, one of the world’s biggest aircraft lessors, owning about 448 planes and with a fleet net book value of $25.6bn, said it has over the past five years reduced the...
...fleet....
...s sovereign wealth fund has invested in a wide range of sectors including mining and sport, and has made forays into the aviation sector through Riyadh Air, which is in talks with manufacturers about a fleet...
...Rental group Hertz, which took Teslas on to its fleet in 2021, has begun selling 20,000 EVs, or one-third of its global electric fleet, to buy more petrol vehicles amid strong demand for internal combustion...
...“The main issue with rerouting to alternative ports is the lack of skilled labour and specialist equipment in handling the cars,” said Dominic Tribe, an automotive analyst at Vendigital....
...which has a leasing joint venture with Stellantis....
...Fellow South Korean battery maker SK On, which signed an $11bn deal with Ford in 2021 to help electrify the US carmaker’s fleet, said it was also putting workers on furlough as it reduces output at its plant...
...For example, the Ineos Grenadier, a modern successor to Land Rover’s rugged off-road vehicles, is built at a former Mercedes factory acquired by Ratcliffe, which sits at the centre of Europe’s automotive...
...“It is very hard to measure, but if you look at the readiness of deployment and availability of technology, [China] is probably no more than one or two years behind,” said Raymond Tsang, an automotive technology...
...And the group will also work to “gradually hybridise the internal combustion engine models and thereby convert them into an electrified new energy vehicle fleet”, the company added....
...It said this reflected accounting changes on some investments and an upgrade to its truck fleet in the Pilbara due to occur next decade....
...Many sold their EVs to oversized municipal bus and taxi fleets, which often sat idle. A bloated industry was the result....
...Discounts — whether through leasing deals, special financing rates or cash rebates — averaged $2,365 in August, the highest they have been all year, according to Cox Automotive-owned Kelley Blue Book....
...Analysts estimate the country’s automotive industry is already suffering from output that far outstrips demand....
...Frontiers’ amended claim alleges that Flohr secretly used these parallel companies in Switzerland and Germany to buy assets from his bankrupt former employer, the US IT equipment leasing group Comdisco,...
...Needless to say, the autonomous fleets roaming around an increasing number of Chinese cities are electric....
...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....
...“This is the only way to fix the current fleet,” said Le Borgne. “If you don’t have any e-fuels, you will never fix the current fleet.”...
...“It’s like mobilising an army, and then telling them to get back in the barracks for a few years,” said Toby Poston, a director at the British Vehicle Rental and Leasing Association....
...The proposed rule would limit tailpipe emissions across all the vehicles in a carmaker’s fleet, forcing companies to make more battery-powered vehicles to meet the new standard....
...“There is a massive need to develop a [functioning] used market for electric vehicles,” says Toby Poston, head of policy at the British Van and Rental Leasing Association, the trade body for fleet buyers...
...“Airlines need to ensure they have access to aircraft to be able to maintain schedule integrity, and the leasing channel is the best option currently,” said TD Cowen analyst Helane Becker....
...Higher interest rates mean that the specialist companies that own and hire out aircraft fleets have more costly debt....
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