Tag : HERTZ

SPEEDOMETER GAUGE READING AT ZERO
Hertz Halts EV Purchase, Arrived at an Agreement with Polestar
  Dabbie Davis   Feb 07, 2024   

Hertz halts acquisition of 65,000 Polestar EVs, shifting away from electrification plans after Tesla exit. Repair costs, depreciation woes cited. Polestar CEO reveals Hertz's pause in late 2023. Polestar agrees to halt agreement under conditions. Hertz's move impacts Polestar stocks, with uncertain revival prospects. Hertz's financial status awaited post-bankruptcy.

Hertz Shifts Gear: Electric Rentals Out, Gas Models In
  Dabbie Davis   Jan 11, 2024   

Hertz, a major player in the rental industry, is set to sell 20,000 electric vehicles (EVs), including Teslas, Chevrolets, and BMWs, opting for gas-powered models due to heightened repair costs. The move aligns with a broader trend seen in Ford and GM, slowing down their electric vehicle production. Hertz's 2022 orders of 100,000 Teslas and 65,000 Polestar EVs signal a significant shift.

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