"Hertz Halts Polestar EV Purchases Amidst Industry Shift"
TL;DR Summary
Hertz has paused its plan to purchase 65,000 electric vehicles from Polestar, following its decision to sell off 20,000 EVs due to high repair costs. This move reflects a broader slowdown in the electric vehicle market, with major automakers reevaluating their EV investments. The pause is a setback for both Hertz and Polestar, as the rental company faces potential losses on its existing EV fleet, and Polestar struggles to attract customers amid the wider EV slump.
- Rental giant Hertz halts plans to buy Polestar EVs Business Insider
- Hertz is reportedly pausing EV purchases with Polestar Quartz
- Hertz pauses plans to buy electric vehicles from Polestar this year Financial Times
- Polestar (NASDAQ:PSNY) Plunges as Hertz Pulls Plan to Buy EVs - TipRanks.com TipRanks
- Hertz will stop buying EVs from Polestar, too The Verge
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