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Hertz CEO Steps Down After Failed Bet on Tesla EVs

Hertz CEO Steps Down After Failed Bet on Tesla EVs

The CEO of Hertz Global Holdings, has handed in his key to the executive washroom. He’s stepping down after a disastrous move that saw the daily rental company add 100,000 Teslas to its fleet. The EVs didn’t prove as popular as expected with customers – but they did wind up experience far more repairs than anticipated. Adding insult to injury, Tesla’s big price cuts meant massive losses for Hertz when it tried to sell the vehicles off.

These Are the Greenest – and Meanest – Vehicles You Can Buy

These Are the Greenest – and Meanest – Vehicles You Can Buy

Looking for an environmentally friendly vehicle? You have more options than ever before. That includes a flood of new battery-electric vehicles, as you might expect, but if you’re still reluctant to go with an EV you still have plenty to choose from. In fact, the top-ranked model in the 2024 GreenerCars list is a plug-in hybrid, and even some products running solely on gasoline do well in the annual study. Better yet, there are plenty of affordable options. But there also are some surprises, as Headlight.News reports.

Automakers Selling Data About Drivers Used by Insurance Companies to Set Rates

Automakers Selling Data About Drivers Used by Insurance Companies to Set Rates

If your auto insurance has spiked recently, you might blame the company that made your vehicle. Cars, trucks and utility vehicles now collect all types of data about your vehicle. That information is often collected by automakers, then sold to insurance companies that use it to set the rates for your premium. Find out more at Headlight.News.

Fisker Shares Collapse After Bankruptcy Report

Fisker Shares Collapse After Bankruptcy Report

Danish automotive designer and entrepreneur Henrik Fisker may be heading for a second bankruptcy. Shares of Fisker went into freefall Thursday after the Wall Street Journal reported the executive’s latest car company is seeking the help of restructuring experts in preparation for a possible bankruptcy. Earlier this month, Fisker advised analysts and investors the startup is facing going-concern risks due to slow sales and weak revenues. It is unclear whether a potential tie-up with Nissan will be enough to overcome a fast-worsening cash crunch.

Exclusive: Hyundai Rethinks EV Plans – New Georgia EV Plant May Add Hybrids, Gas Models

Exclusive: Hyundai Rethinks EV Plans – New Georgia EV Plant May Add Hybrids, Gas Models

As EV sales growth slows, automakers are rethinking prior plans, in some cases delaying, even canceling battery-electric vehicle projects. That includes Hyundai Motor Group, the Korean automaker previously announcing one of the industry’s more aggressive EV launch programs. But, in an exclusive report Headlight.News reveals Hyundai is not only studying whether to slow the rollout of new EVs, but also whether to make major changes to the $5.54 billion EV plant in Georgia currently set to start production in October. That would allow the facility to meet production targets by assembling more than just EVs, Hyundai officials revealed.

Detroit Automakers Watch as Their Sales Collapse in China – and the U.S. Could be Next

Detroit Automakers Watch as Their Sales Collapse in China – and the U.S. Could be Next

When the new Lincoln Nautilus goes on sale this spring it will mark a significant development for parent Ford Motor Co., the first time it imports a vehicle to the U.S. from China. The move will help keep the U.S. automaker’s factories there running as demand for its products has tumbled sharply in the Asian nation. But Ford is not alone. Detroit automakers – along with other foreign brands – have seen their Chinese sales – and earnings – plunge as consumers by the millions shift to domestic competitors. Could the Chinese now turn the tables on the U.S. at home? Find out at Headlight.News.