Hertz plans to order up to 175K electric vehicles from General Motors over the next five years

The agreement announced Tuesday includes electric vehicle deliveries through 2027 and will include SUVs, pickups and luxury automobiles from Chevrolet, Buick, GMC, Cadillac and BrightDrop. The expect deliveries of the Chevrolet Bolt EV and Bolt EUV will start in the first quarter of next year.

"We are thrilled to partner with GM on this initiative, which will dramatically expand our EV offering to Hertz customers, including leisure and business travelers, rideshare drivers and corporates," Hertz CEO Stephen Scherr said in a prepared statement.GM Chair and CEO Mary Barra believes the partnership will help create new electric vehicle customers.

"With the vehicle choice, technology and driving range we're delivering, I'm confident that each rental experience will further increase purchase consideration for our products and drive growth for our company," she said.

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Hertz plans to buy 175,000 electric vehicles from GM over five years - BNN BloombergHertz Global Holdings Inc. plans to buy as many as 175,000 electric vehicles from General Motors Co. over the next five years, the latest major step by the rental giant to embrace plug-in cars. Just saw the interview of CEOs of GM Mary Barra and Hertz Stephen Scherr on CNBC This is a company that has already gone bankrupt once. Is this really an investment story or a last gasp 🤷‍♂️ That will certainly ease things up on the power grid
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Hertz to order up to 175,000 electric vehicles from GM over next five yearsThe agreement announced Tuesday includes SUVs, pickups and luxury automobiles from Chevrolet, Buick, GMC, Cadillac and BrightDrop Bye, bye Hertz!
Source: globeandmail - 🏆 5. / 92 Read more »

Hertz to order up to 175,000 electric vehicles from GM over next five yearsThe agreement announced Tuesday includes SUVs, pickups and luxury automobiles from Chevrolet, Buick, GMC, Cadillac and BrightDrop Bye, bye Hertz!
Source: globeandmail - 🏆 5. / 92 Read more »