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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. ” Bloomberg first reported the filing.

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Toyota and Subaru jointly to develop BEV-dedicated platform and BEV SUV

Green Car Congress

Toyota Motor Corporation and Subaru Corporation disclosed today that they have agreed jointly to develop a platform dedicated to battery electric vehicles (BEVs) for midsize and large passenger vehicles and jointly to develop a C-segment-class BEV SUV model for sale under each company’s own brand.

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BMW Group and Toyota agree to mid-to-long-term research collaboration in next-generation Li-ion batteries; BMW to supply 1.6L and 2.0L diesel engines to Toyota Europe

Green Car Congress

BMW Group and Toyota Motor Corporation (TMC) have signed a memorandum of understanding (MOU) concerning a mid-to-long-term collaboration on next-generation environment-friendly technologies. liter diesel engines to TME starting in 2014. —Takeshi Uchiyamada , Executive Vice President, Toyota Motor Corporation. liter and 2.0-liter

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Junkyard Find: 1959 Renault Dauphine

The Truth About Cars

Of all those companies, Renault was the only one to score big-time North American sales success. But then another rear-engined European import showed up, with a price tag similar to the Beetle's and two additional doors. There were multiple factors behind the decline of Dauphine sales at the dawn of the 1960s.

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Volvo Cars raises US$533M via issuance of preference shares to Swedish investors

Green Car Congress

Volvo Cars has raised SEK5 billion (US$533 million) from the sale of newly-issued preference shares to a group of Swedish institutional investors. The detailed terms of the sale have not been disclosed, but the transaction will have an immaterial dilutive effect on the current 100% ownership of Volvo Cars by Zhejiang Geely Holdings.

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Hertz says it will invest some of proceeds from selling Tesla cars back into gas cars

Baua Electric

Hertz announced that it will invest some of the proceeds from selling its Tesla vehicles back into internal combustion engine vehicles. The Company expects to reinvest a portion of the proceeds from the sale of EVs into the purchase of internal combustion engine (“ICE”) vehicles to meet customer demand.

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Toyota develops packaged fuel cell system module for sale

Green Car Congress

Toyota Motor Corporation has developed a product that packages a fuel cell (FC) system into a compact module; the company plans to begin selling it in the spring of 2021 or later.

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