How the massive EV transition is starting in the car rental industry

How the massive EV transition is starting in the car rental industry

Tesla Model 3 electric vehicles at a Hertz airport location. Photo by ER Davidson Not long after Hertz Global Holdings emerged from bankruptcy last summer, reorganized after the Covid-19 pandemic stalled the entire car rental industry, the Estero, Florida-based company boldly announced a $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by … Read more

GM’s stock closes below IPO price for first time since October 2020

GM’s stock closes below IPO price for first time since October 2020

Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – Shares of General Motors on Monday closed below the post-bankrupt automaker’s $33 initial public offering price for the first … Read more

5 things to know before the stock market opens Wednesday, April 27

5 things to know before the stock market opens Wednesday, April 27

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street to open higher after Nasdaq’s nearly 4% plunge Traders work on the floor of the New York Stock Exchange. NYSE US stock futures bounced Wednesday, getting a boost from Dow stock Microsoft’s more than 5% … Read more

Ford F-150 Lightning electric pickup could win first-mover advantage

Ford F-150 Lightning electric pickup could win first-mover advantage

A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – Ford Motor is set to be the first automaker to bring a mainstream, full-size electric pickup to the US market, poised to capitalize on a first-mover advantage in what’s expected to be a hotly … Read more