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Polestar
Hertz pauses plans to buy electric vehicles from Polestar this year
...Some car rental groups operate a “buyback” model, where the manufacturer agrees to repurchase the vehicle at a set price....
February 5, 2024
InterviewAirbnb Inc
Airbnb boss lays foundation for longer-term rentals
...This article has been amended since first published to clarify Airbnb’s plans on car rentals...
October 4, 2023
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
Hertz Global Holdings Inc
How Hertz’s bets on Tesla and a Goldman veteran veered off course
...The company’s last proxy filing states that he remains eligible for free Hertz car rentals for the rest of his life....
March 20, 2024
Due Diligence
How buying Teslas hurt Hertz Premium content
...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...
March 20, 2024
InterviewUber Technologies Inc
Is Uber’s driver shortage finally over?
...A tie-up between Uber and Hertz, the car-rental service, is helping more drivers get access to tens of thousands of Tesla vehicles in the US....
October 5, 2022
Uber Technologies Inc
Uber debuts $7bn share buyback as tech groups step up capital returns
...rentals....
February 14, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
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
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
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
Unhedged
Everyone calm down about CPI Premium content
...But it would be odd indeed if rental inflation did not converge to current market rents eventually....
February 14, 2024
LexTesla Inc
Tesla: fantasy supercomputer projections boost stock Premium content
...Office-rental company WeWork suggested $3tn. A TAM projection is no reason to invest in a stock....
September 12, 2023
FT SeriesExtreme renting
Extreme renting: Santorini’s teachers forced to rough it in Airbnb haven
...George Moris never imagined that his teaching job on the picturesque Greek island of Santorini would force him to sleep in his car, crash on a colleague’s couch or spend the night in empty classrooms....
August 24, 2023
Sport
Tom Brady spots an opening in English football Premium content
...Knighthead’s back catalogue of investments includes its bold (and highly successful) bet on Hertz, the then bankrupt rental car company....
August 5, 2023
Mergers & Acquisitions
Bid for US Steel promises national security through consolidation
...Domestic steel prices have improved since former President Donald Trump imposed tariffs on imports and demand increased from the car industry....
August 18, 2023
Airbnb Inc
Airbnb makes renewed push to boost supply as rental rates soar
...Insurance cover has been increased to $3mn, and now includes things such as hosts’ parked cars, or boats, at the property....
November 16, 2022
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
Skin in the GameStuart Kirk
Why I got it wrong about offices, according to readers
...But those with short drives to a local building with car spaces are returning. And it is these second-tier offices in regional areas which have seen the worst price declines — hence the jumbo yields....
April 21, 2023
Vail Resorts Inc
US skiing juggernaut Vail Resorts sharpens edge over smaller rivals
...The company’s expansion in the north-east of the US, where it owns 94 ski lifts versus 41 for its nearest competitor, Boyne USA, is part of a strategy to turn these resorts into feeder destinations....
February 11, 2023
Patrick Jenkins
Why Visa and Mastercard have yet to face their Kodak moment
...But from electric cars to rockets, Musk is the sceptic-defying disrupter-in-chief....
November 21, 2022
Private equity
Is private equity actually worth it?
...The MSCI ACWI returned 8.48 per cent annualised in the 10 years to the end of 2023, while the MSCI USA index returned 11.98 per cent....
March 5, 2024
Leo Lewis
The punctured global bike boom could yet receive a boost
...French citizens are simultaneously being enticed, via a €4,000 subsidy, to trade in cars for electric bicycles: the stated aim is to raise the ratio of cyclists in France from around 3 per cent now to 9...
December 11, 2022
Electric vehicles
Chinese carmakers take another crack at the German market
...BYD’s expansion got a boost on October 3 when Sixt, Germany’s biggest car rental company, announced it would buy 100,000 Atto 3s between now and 2028....
October 19, 2022
News in-depthElon Musk
Looming Twitter interest payment leaves Musk with unpalatable options
...If Twitter did not make its first interest payment, it would join a small but notorious club of companies dubbed “NCAA” by debt traders — short for “no coupon at all” — that includes US car rental company...
January 17, 2023
LexRevlon Inc
Revlon/meme stocks: continued speculation hints that bear market is not over Premium content
...The car rental group filed for bankruptcy in May 2020....
June 27, 2022
Electric vehicles
Polestar to sell 65,000 electric cars to Hertz in $3bn deal
...Swedish electric car maker Polestar has struck a roughly $3bn deal to provide rental group Hertz with 65,000 electric cars over the next five years, echoing a similar deal made with Tesla last year....
April 4, 2022
News in-depthRevlon Inc
Revlon bankruptcy becomes a fight over memes
...But the Revlon minority group says Revlon could resemble Hertz, the car rental agency that went bankrupt early in the coronavirus pandemic only to reorganise with legacy shareholders getting a $1bn payout...
August 23, 2022

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