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Hertz continues to feel EV losses, plans to dump more from its fleet

Teslarati

Hertz said it had increased the number of EVs it will let go of by 10,000 units, now planning to sell 30,000 of its purchased electric cars this year. Hertz said it incurred a $195 million charge to vehicle depreciation to write down the EVs held for sale. 119 of the $339 was related to EVs held for sale.

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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022 , which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.” The post Elon Musk, Twitter reach agreement for sale of social media platform appeared first on TESLARATI.

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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

Ford has captured a tremendous accolade with the Mustang Mach-E after Kelley Blue Book announced that the all-electric crossover is the Electric Vehicle Best Buy for 2022. The four variants of the Mustang Mach-E that Ford currently offers provide a nearly-catered option for any customer who chooses to purchase one.

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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

The EVs that Hertz has put up for sale will “remain eligible for rental” until they ultimately sell. Hertz said that a portion of the proceeds from the sale will go into the purchase of combustion engine vehicles, which are being utilized at a higher demand. ” Hertz inked a $4.2

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Hertz now selling former Tesla rentals at bargain prices

Teslarati

As part of the Rent2Buy vehicle sales program on its website , Hertz has listed hundreds of its early Tesla rentals for sale at fairly low prices. What are your thoughts on buying a used Tesla Model 3 from Hertz for $17,700? Hertz will also waive the rental fee for anyone who purchases a vehicle after renting it.

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Used Car of the Day: 1967 Scout International 800 Harvester

The Truth About Cars

You'll have to call the owner if you actually have an interest in buying this thing. Again, we're not here to sell these cars -- we're not Bring a Trailer -- but to simply highlight cool cars we see for sale in our parent company's forums. And for me, Scouts are cool as hell.

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Resale values crucial for supercar segment growth: Lalit Choudary, Infinity Cars | Autocar Professional

Baua Electric

The supercar industry has lately been booming in India, with carmakers like Porsche and Lamborghini registering record domestic sales over the last couple of years. Most people buy these cars believing they should be able to trade them at will and upgrade to the next car. Covid and its related supply chain constraints also contributed.