Hertz now has 35,000 Tesla vehicles and around 50,000 electric vehicles in its fleet.
Hertz Global is slowing down the pace by which it adds battery electric vehicles to its fleet, executives said on a third-quarter earnings call on Thursday.
Hertz is pumping the brakes on plans to electrify more of its rental car fleet after EV repair costs came in higher than the company anticipated, and afterThe rental car company reported lower than expected margins for the period ending September 2023, and the CEO said EV repairs were one challenge."Our direct operating expenses remained controlled in the quarter as they grew with transaction volume. On a unit basis, we achieved productivity gains across most categories of auto.
Hertz also disclosed on Thursday that about 80% of the battery electric cars in its fleet are Teslas today. About 11% of Hertz's entire fleet is comprised of electric cars now. With around 50,000 electric cars in its fleet currently, that means Hertz has around 35,000 Teslas in its fleet now.Hertz originally said
As Hertz buys up more EVs from GM and other automakers down the line, Scherr said on the company's Q3 call, the company expects those electric vehicles to have a"lower incidence of damage," and"a lower cost of parts and labor."
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Hertz stock sinks toward a record low, after profit tops expectations while revenue was in lineTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Leer más »
Tesla supplier Syrah expects more graphite buys ahead of China export banAustralian producer Syrah Resources on Thursday said it expects buyers outside of China to step up their purchases of natural graphite before stricter export controls on the battery material came into effect on December 1.
Leer más »
Tesla rival Xpeng presses ahead with driver-assist rollout in China, EuropeChinese electric car company Xpeng said this week it plans to roll out driver-assist technology in Europe by the end of next year.
Leer más »
Tesla rival Xpeng presses ahead with driver-assist rollout in China, EuropeChinese electric car company Xpeng said this week it plans to roll out driver-assist technology in Europe by the end of next year.
Leer más »
Tesla supplier Syrah expects more graphite buys ahead of China export banTesla supplier Syrah expects more graphite buys ahead of China export ban
Leer más »
Lexus Considers Building Its Own EV Charging Network In Japan Taking A Cue From TeslaJapan's meager charging infrastructure is slowing adoption of electric vehicles, but Lexus thinks that it can help with its own branded network of charging stations
Leer más »