Tuesday Ticker: Hertz to ‘accelerate’ sale of Tesla fleet; BYD seeks EV tariffs discussions with Ottawa
Toronto, Ontario — In this weekly Tuesday Ticker, Hertz plans to ditch more of its Tesla fleet, while BYD informs the federal government of its plans to enter the Canadian market. Hertz hurts Not only is vehicle rental company Hertz accelerating its plan to sell 100,000 Tesla units; but the company also plans to sell […]
Putting On the Brakes: Car rental firm Hertz selling electric vehicles in the United States in favour of ICE vehicles
Toronto, Ontario — Global vehicle rental firm Hertz has announced that it will sell about 20,000 EVs from its U.S. fleet, citing higher collision and damage expenses as reasoning. Hertz had originally said that it would order 100,000 Tesla vehicles by the end of 2022 but followed this statement with a decision to buy up to […]
Hert Reputations: Hertz to pay out $168 million for false car theft accusations
Toronto, Ontario — The Hertz car rental company is being forced to pay customers approximately $168 million by the end of the year, after falsely accusing an undisclosed number of customers of stealing rented vehicles. According to a press release from the company, this settlement will resolve more than 95 percent of pending theft report […]
Action Hero for a Day: Hertz to rent out 900hp Shelby Mustang GT500-H’s at select U.S. locations
Toronto, Ontario — If you were ever concerned that the grocery-grabber rental car you booked might throw off your whole aesthetic when attending out-of-town events, Hertz may have another, considerably more muscular option for you. The global car rental company recently teamed up with Shelby American to offer its customers the chance to rent one […]
Tuesday Ticker: April 5, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, Uber celebrates ten years in Canada with some key statistics and Hertz plans to add more electric vehicles to its global fleets. Uber’s uber growth Uber shared some key Canadian statistics alongside its 10-year anniversary of operating in the nation–including the fact that Uber drivers and delivery […]
Finding their Frequency: Hertz orders 100,000 Teslas for end of 2022
Toronto, Ontario — Hertz is betting big on Tesla as the rental chain announced that they have placed an order for 100,000 Tesla vehicles for delivery by the end of 2022. With their sights set on building the largest EV rental fleet in North America, Hertz is looking to pivot hard out of their current […]
