Hertz is selling off a third of its electric vehicle fleet, which is predominantly made up of Teslas, and will buy gas cars with some of the money it makes from the sales.
Hertz’s move to slash its EV fleet comes as electric vehicle sales growth has cooled from record highs.
Just two years ago, Hertz announced plans to buy 100,000 EVs from Tesla by the end of 2022.
Instead, as of October 2023, Hertz had only purchased 35,000 Teslas and its entire electric fleet included about 50,000 EVs total.
It announced plans in 2022 to buy up to 175,000 EVs from General Motors, and another 65,000 from Polestar.
Gbike acquired a local micromobility platform called ZET from Hyundai Motor for an undisclosed amount last year to bolster its technological synergies.
Gbike posted an EBITDA of $40 million and revenue of $13.7 million in 2022, Yoon said.
“Based on this fully integrated capability, we set out our vision to innovate the micromobility ecosystem through battery-[swapping] infrastructure.
One of the things that set Gbike apart from its competitors is its capability to build its own vehicles — e-scooters, e-bikes and batteries, Yoon mentioned.
Gbike launched its own-developed e-bikes in May last year and now operates a fleet of 35,000 e-bikes.
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But this year, give the gift of good security (and privacy) and eschew tech that can have untoward risks or repercussions.
Location data is some of the most sensitive data belonging to a person; location can determine where someone was at a particular time, which can be highly revealing and invasive.
Even one of the better-known family tracking apps, Life360, was caught selling the precise location data of its users to data brokers.
There’s no reason why you shouldn’t discuss the benefits and pitfalls of tracking your kids with your kids.
And this year, another smart sex-toy maker exposed the user and location data of its customers thanks to its leaky servers, which the company has yet to fix.
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The signing of the takeover agreement by Flagstar Bank is significant because it shows that regulators are supportive of the acquisition and believe that it will help to improve the…
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