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Hertz Global Holdings Inc

Southwest adopts rights plan to fend off activist Elliott Management

by Adrian Jhonsan
Southwest adopts rights plan to fend off activist Elliott Management

A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines said …

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Categories World

EV slump, Hertz fire sale take used Tesla to no haggle $25,000 price

by Adesola Mojo
EV slump, Hertz fire sale take used Tesla to no haggle ,000 price

The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted. Since January, Hertz Global Holdings has been …

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Categories Automobile

Cramer says Eli Lilly could join the ranks of the ‘Magnificent Seven’

by Adrian Jhonsan
Cramer says Eli Lilly could join the ranks of the ‘Magnificent Seven’

CNBC’s Jim Cramer on Monday suggested Tesla could lose its spot in the “Magnificent Seven” megacap stocks list. He said he’s waiting to see results from the electric vehicle giant’s …

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Categories World

Hertz makes ‘agile’ decision to shift strategy and sell EVs, Teslas

by Adesola Mojo
Hertz makes ‘agile’ decision to shift strategy and sell EVs, Teslas

A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021.  Brendan Mcdermid …

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Categories Automobile

Hertz Is Getting Rid Of 20,000 EVs

by Adesola Mojo
Hertz Is Getting Rid Of 20,000 EVs

Happy Friday! It’s January 12, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here …

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Categories Automobile

Tesla stock down on Red Sea delays, price cuts

by Ev Richard
Tesla stock down on Red Sea delays, price cuts

An employee of the Tesla Gigafactory Berlin Brandenburg works on a production line of a Model Y electric vehicle. Patrick Pleul | Picture Alliance | Getty Images Shares of Tesla …

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Categories Technology

Hertz pulls back on EV plans citing Tesla price cuts, repair costs

by Adesola Mojo
Hertz pulls back on EV plans citing Tesla price cuts, repair costs

Hertz is pumping the brakes on plans to electrify more of its rental car fleet after EV repair costs came in higher than the company anticipated, and after Tesla price …

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Categories Automobile

Where Uber’s climate and autonomous driving goals meet in the future

by Adesola Mojo
Where Uber’s climate and autonomous driving goals meet in the future

Back when Uber Technologies was going public in 2019, CEO Dara Khosrowshahi gave a low-key warning: The profit gusher would not really begin until the company developed self-driving vehicles, a …

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Categories Automobile

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