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...Hertz, which reports earnings on Tuesday, declined to comment....
...Fast forward a few months and Hertz’s EV fleet isn’t going anywhere....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...to sell one-third of its global EV fleet....
...A set of aggressive Wall Street firms including Apollo Global Management struck a co-operative debt restructuring with Carvana, convinced that the company was turning the corner to a more sustainable trajectory...
...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 FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...Handler yesterday said that he had sold 1.5mn shares or about 7 per cent of his total holdings in Jefferies....
...Cheryl Brumley is the FT’s global head of audio, and our theme song is by Metaphor Music. [MUSIC PLAYING]...
...Recent announcements from rental car group Hertz and carmaker Ford will temper hopes of that....
...Hertz is “excited” by platforms that make it easier for the lonely among us to do things with people....
...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....
Companies analysis from our sister publication
...South Korea has become one of the most important markets for European carmakers, ranking among the top three Asia markets for global luxury brands with about 34,000 cars priced at more than Won150mn ($108,000...
...Analysts believe that if last year’s pace of reductions is continued, the state holding could hit the low 20s by year-end — likely fuelling calls for an end to a cap on executive pay that it still faces,...
...It’s a gloomy scenario, but a new paper from the Global Adaptation and Resilience Investment Working Group offers some encouraging news....
...Stephen Scherr has stepped down as chief executive of car rental chain Hertz....
...IBM Q1, Interpublic Q1, Lloyds Banking Group Q1 interim management statement, Meta Q1, PZ Cussons Q3 trading update, Raymond James Financial Q2, Reckitt Benckiser Q1 trading update, Wabtec Q1 Thursday Global...
...Particularly so for two Japanese companies, Toyo Suisan and Nissin Foods (whose founder invented the product), which have significant positions in a global market that analysts estimate to be worth north...
...The global luxury travel market is projected to grow by 45 per cent between 2023 and 2028 to $2tn, according to market research cited by consultancy Deloitte....
...Eithne Kennedy Chief Executive, Avenir Holdings Singapore...
...One of the large palm-growing companies active in Indonesia, Socfin, has a holding company listed on the Luxembourg stock exchange....
...Investors’ bond holdings are insured in the same kind of way, too....
...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...
...But the FCA has decided to go one step further and apply the filter at the level of individual holdings, rather than the broad portfolio, with at least 70 per cent of holdings needing to be improving their...
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