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Hertz Shifts Gear: Electric Rentals Out, Gas Models In
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.
By Dabbie Davis
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U.S. regulator to Chrysler's Marchionne: get act in gear on Jeep recall
U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company "have to get their act in gear" to speed up repairs of recalled Jeep SUVs that face a heightened fire risk.
By ERIC BEECH
GM to build Opel SUV and invest 500 million euros in European engines
General Motors (GM.N) will build a sports utility vehicle (SUV) at the Opel factory in Ruesselsheim, Germany, and invest 500 million euros ($626 million) in engine production in Europe, Chief Executive Mary Barra said on Thursday.
U.S. auto regulator seeks nationwide recall of Takata air bags
The U.S. auto safety regulator has told Japanese supplier Takata Corp (7312.T) and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scandal.
Volkswagen China growth slows to 10 percent due to capacity limits
Volkswagen AG's (VOWG_p.DE) growth in China is expected to slow to around 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, the head of its Chinese operations said on Tuesday.
Toyota aims to replicate Prius success with fuel cell Mirai
Toyota Motor Corp (7203.T) will introduce its first mass-market fuel cell car next month, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.
Ford shares poised for a rebound: Barron's
Ford Motor shares may be in for a rebound and could climb 30 percent in a year, said Barron's financial newspaper in its edition to be published Monday.