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Fleet Management

All articles tagged with #fleet management

Hertz Struggles with Tesla Bet, Plans Major Asset Sale Amid Losses

Originally Published 1 year ago — by TESLARATI

Hertz is facing significant financial challenges due to the depreciation of its electric vehicle (EV) fleet, primarily from Tesla, which it purchased in 2021. The company has been forced to sell tens of thousands of EVs to mitigate losses, with plans to complete the sale by the end of 2025. Hertz reported a larger-than-expected loss in its recent earnings call, highlighting the financial strain from its EV strategy. The company aims to balance its fleet with customer demand for EV rentals by the end of 2024.

business business business electric-vehicles financial-loss fleet-management hertz tesla

Ayvens and Stellantis Strike Deal for 500,000 Vehicles

Originally Published 1 year ago — by Reuters

Stellantis has secured a multi-billion-euro frame agreement with fleet management company Ayvens to sell up to 500,000 vehicles across Europe over the next three years. The vehicles will be purchased for Ayvens' long-term leasing fleet, with the first deliveries expected in the first half of 2024. This deal, which includes brands like Alfa Romeo, Fiat, and Peugeot, aims to support the transition to more sustainable mobility options for Ayvens' clients.

business business ayvens business europe fleet-management stellantis vehicle-sales