Hertz said in an SEC filing that it would be selling 20,000 of its EVs and replacing them with fossil fuel-powered vehicles.
Hertz is selling off a third of its electric vehicle fleet, which is predominantly made up of Teslas, and will buy gas cars with some of the money it makes from the sales. The company cited lower dema
Uber has expanded an agreement with Hertz to get thousands of ride-hailing drivers behind the wheel of an electric car — this time in Europe. The two companies announced that Hertz will make up to 2
Eco-conscious vehicle renters can soon expect to see EVs from GM brands Buick, Chevrolet, Cadillac, GMC and even commercial delivery unit BrightDrop at Hertz rental locations. The car rental giant sai
Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance r
Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022, Polestar delivered approximately 21,
Polestar is the latest EV maker to hurry to the stock exchange by merging with a special purpose acquisition company, or SPAC, before becoming profitable.
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a re
Hertz has agreed to buy up to 65,000 Polestar electric vehicles over five years, a deal that will help the rental giant electrify its fleet and give the EV automaker access to a wider market, includin
Last week, a press release from Hertz indicated that the rental company had placed an order for 100,000 Tesla Model 3s. Late yesterday, however, Elon Musk tweeted that the order is far from firm.
Auto rental giant Hertz gave its strongest signal to the markets that it had resurrected from bankruptcy with this week’s news that it would purchase 100,000 Tesla vehicles for a reported $4.2 b
Car rental giant Hertz has placed an order for 100,000 Tesla vehicles to be delivered by the end of 2022 in the largest single purchase of EVs ever. The deal, which will push the car rental giant̵
The “subscribe to your car” movement has been taking off in recent years, with the appearance of Fleks in the U.K., Cazoo (after its acquisition of Drover) and Care by Volvo Hertz, to name just a
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If necessity is the mother of invention, then new business owners are getting very inventive in the ways in which they access cash. Relying on some long-tested and some new avenues to raise money, ent
Hertz, which filed for bankruptcy last month, halted its $500 million stock offering Wednesday after the U.S. Securities and Exchange Commission told the rental company it would review its controversi
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Hertz, the rental car company that is going through Chapter 11 bankruptcy proceedings, can now sell up to $1 billion in stock as it seeks to tap into one of the hottest tickets in town: traders with a
SpotHero, the Chicago-based company that has developed an on-demand parking app, has raised $50 million in a Series D round led by Macquarie Capital. Union Grove Venture Partners participated in the r
MaaS Global, the company behind the all-in-one mobility app Whim, which offers a subscription service for public transportation, ridesharing, bike rentals, scooter rentals, taxis or car rentals, will
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