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Apollo Global Management LLC
Apollo sells stake in asset-backed lending unit to insurer MassMutual
...These debts include mortgages and loans for cars, rental equipment and yachts....
April 24, 2024
Polestar
Hertz pauses plans to buy electric vehicles from Polestar this year
...Between 2022 and 2023, Polestar sold about 13,000 battery-run cars to the group....
February 5, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
InterviewAirbnb Inc
Airbnb boss lays foundation for longer-term rentals
...Chesky also highlighted a “long list of ideas” under consideration, including rental cars and dining pop-ups....
October 4, 2023
Tesla Inc
Tesla’s biggest problem: cars
...Tesla’s price per vehicle, excluding regulatory credits and leasing or finance income, was $38,924....
April 26, 2024
News in-depthTesla Inc
Tesla’s ‘gravity-defying’ powers at risk as EV market slows
...Two years ago, car leasing group Octopus EV could barely keep up with the red-hot demand for Teslas that accounted for half its sales....
April 5, 2024
Hertz Global Holdings Inc
How Hertz’s bets on Tesla and a Goldman veteran veered off course
...He even drew parallels between managing hundreds of thousands of rental cars and the risk management skills he had honed during almost three decades at Goldman....
March 20, 2024
FT Live
Crypto and Digital Assets Summit Asia
Transforming mainstream finance
Thursday, 5 DecemberDigital Conference
Due Diligence
How buying Teslas hurt Hertz Premium content
...Not only are customers less likely to choose a Tesla as a rental car, but Hertz also learnt the EV’s it had lent to Uber drivers required significantly more repairs than thought and the salvage values of...
March 20, 2024
LexTesla Inc
Elon Musk is still intrinsic to Tesla’s future Premium content
...For years, Elon Musk has been the not-so-secret weapon behind Tesla’s success....
April 2, 2024
Airbnb Inc
French mayors take on Airbnb amid a housing squeeze
...In the south-west city of Bayonne on the Atlantic coast, mayor Jean René Etchegaray has had some success in curbing the platforms....
January 27, 2024
LexElaine Moore
The Lex Newsletter: AI spending plans are spooking the market Premium content
...Electric car company Tesla presents a terrible set of first-quarter earnings and is rewarded with a 10 per cent share price jump....
April 26, 2024
Uber Technologies Inc
Uber debuts $7bn share buyback as tech groups step up capital returns
...lure to its growing suite of services, such as bike and car rentals....
February 14, 2024
Tesla Inc
Tesla shares drop 12% after sales growth warning
...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....
January 25, 2024
Unhedged
The Magnificent 7 value trade Premium content
...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...
January 30, 2024
Inside BusinessSujeet Indap
Hertz and Carvana: what their diverging fortunes tell us
...Hertz, the car rental agency, had filed for bankruptcy in 2020 during the early stages of the pandemic....
November 30, 2023
Tesla Inc
Tesla’s Q1 is going to be a wreck. Will anyone care?
...Tesla’s business — well, the bit that sells cars rather than hype — has been visibly in trouble for more than a year....
April 17, 2024
FT Live
Crypto and Digital Assets Summit
Connecting leaders in crypto with mainstream finance
Wednesday, 8 MayLondon
Disrupted Times
Brussels blasts Big Tech
...The business is a rare recent success story in a sector battered by falling valuations and divestments from foreign investors....
March 25, 2024
The FT ViewThe editorial board
The US brings a landmark case against Apple
...self-driving cars to virtual reality....
March 27, 2024
XPeng, Inc
China’s Xpeng to boost spending to survive ‘bloody sea’ of EV competition
...“We believe persistence will bring success in the end,” he said. Xpeng did not immediately respond to a request for comment on the letter....
February 19, 2024
LexTesla Inc
Tesla: fantasy supercomputer projections boost stock Premium content
...Wild forecasts reflect Tesla’s success in bending the global car sector to its will. It is the standout pioneer of electric vehicles and has served up three years of profitability....
September 12, 2023
Tesla Inc
Tesla overtaken by China’s BYD as world’s biggest EV maker
...“For any doubters left in the west, I hope this is the final data point that points to BYD’s strength and, as importantly, how ‘China EV Inc’ has bullied its way on to the global stage,” said Tu Le, founder...
January 2, 2024
News in-depthArgentina
Argentine households face financial crunch as markets cheer Javier Milei
...Ezequiel, a taxi driver in Buenos Aires, said rising fuel and car rental costs had shrunk his daily take-home pay to $10, less than the price of a bottle of olive oil....
April 26, 2024
Unhedged
Everyone calm down about CPI Premium content
...cover the wear and tear on the cars....
February 14, 2024
Automobiles
Car industry reels from Sunak’s retreat on net zero plans
...“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....
September 20, 2023
FT SeriesExtreme renting
Extreme renting: Santorini’s teachers forced to rough it in Airbnb haven
...In many European tourist hotspots — from sunny Greek islands to Prague, Lisbon and historic Italian cities — Airbnb and other short-term holiday rentals are severely disrupting the housing market....
August 24, 2023
Tesla Inc
Union chief warns of Tesla threat to Sweden’s model
...Both union and corporate leaders credit the system with a low level of strikes and believe it is crucial for the success of Sweden, a country of 10mn people and home to manufacturers such as Volvo Cars,...
November 28, 2023

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