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...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....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...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....
...He had success running rival Dollar General....
...Totally unrelatedly, Airbnb’s northern Europe general manager told the House of Lords in May there was “no evidence base that has drawn any link whatsoever between short-term accommodation and housing scarcity...
...Job moves Private equity firm TPG Capital has hired General Atlantic veteran Peter Munzig as a partner and head of business services....
...When it comes to fleet EV sales, General Motors and Ford are for now concentrating more on commercial operators than rental companies....
...It has promised to offer the largest electric rental fleet in North America, and “one of the largest in the world”....
...This just in from Bloomberg: Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet...
...A version of this article was first published by Nikkei Asia on October 28 2022. ©2022 Nikkei Inc. All rights reserved....
...Consider the huge bump to shares it received from a relatively small potential order from car rental firm Hertz....
...A version of this article was first published by Nikkei Asia on May 27 2022. ©2022 Nikkei Inc....
...Private rental provider Grainger also reports a booming market, with 94 per cent occupancy....
...Lu brought on Qian Zhiya, a colleague from a car rental company that had experienced similarly explosive growth in its early years, to serve as Luckin’s CEO....
...The stakes are high enough that New York state attorney-general Letitia James has weighed in....
...“Back then the valuation of internet stocks was divorced from the general market. Once again we’re seeing this detachment.”...
...Tesla’s valuation topped $600bn this week — making it six times bigger than General Motors and Ford Motor combined....
...The opinions in this column are intended for general information purposes only and should not be used as a substitute for professional advice....
...A version of this article was first published by Nikkei Asia on February 25 2021. ©2021 Nikkei Inc....
...There is a refundable deposit but no rental fees for the device....
...Deprived of rental receipts, Brookfield has for months been struggling to stay on top of the debt owned on its retail properties....
...Its main product at the moment is home rental insurance....
...The coronavirus pandemic has brought nothing good for companies like retailer Neiman Marcus and car rental outfit Hertz....
...spokesperson confirmed the bank had not funded a PPP loan for Bird, which laid off more than 400 employees, or about 30 per cent of its workforce, in March after the pandemic forced it to suspend its scooter rental...
...Richard Gray, currently HSBC’s global general counsel, will step into the role while the bank carries out a search for Levey’s permanent successor. More here....
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