Day: October 25, 2021

Hertz to buy 100,000 Tesla cars as rental car company pivots toward electric vehicles

Having survived a brush with death, Hertz is aiming for an electric rebirth.

The rental car company, which filed for Chapter 11 bankruptcy protection early in the COVID-19 pandemic, announced Monday that it plans to buy 100,000 cars from Tesla by the end of 2022 in a pivot toward electric vehicles.

It is among the largest electric vehicle orders ever placed, matching the 100,000 electric vans that Amazon has ordered from startup Rivian. The deal is worth about $4.2 billion, estimated Wedbush Securities analyst Dan Ives.

Hertz also plans to install thousands of electric vehicle charging stations at its locations.

►Which is more expensive?: Charging an electric vehicle or fueling a car with gas?

►’It’s just draining’: Homebuyers frustrated by a cutthroat housing market are putting their searches on hold

The moves represent the largest investment by a rental car agency in technology widely considered the future of the

Read More

Tesla drives toward $1 trillion club on record Hertz order

By Subrat Patnaik, Sanjana Shivdas and David Shepardson

(Reuters) – Tesla Inc on Monday neared $1 trillion in market capitalization as the company founded by Elon Musk received its biggest-ever order — 100,000 electric rental cars for Hertz.

Tesla shares were up 7.5% at $978, hitting a new record high Monday, following the order. Shares were also buoyed by news of the company’s Model 3 becoming the first electric vehicle to top monthly sales of new cars in Europe.

The news from Hertz comes as Tesla is coping with a backlog of unfulfilled orders for its vehicles and continuing supply chain disruptions, but it does solidify the mainstream appeal of electric cars.

Interim Hertz Chief Executive Mark Fields told Reuters the order will primarily be Model 3 vehicles. Hertz customers can rent a Tesla starting in November and the company will have 3,000 chargers in 65 markets by the end

Read More

8 Impressive Restomod Muscle Car Builds






© Provided by Motorious


While there is a lot of worth in a perfect number’s matching car, restomods offer the best of all worlds.

When people first started ‘restomodding’, the car community was somewhat skeptical about the trend. However, after seeing what kinds of builds have come out of the practice, this way of automotive modification and building has become a mainstay in the car community. Here are some of the coolest muscle cars that were made as a result of the restomod niche.

See 5 very expensive muscle cars here.

1969 Charger Defector 2.0






© Provided by Motorious


We could write several features on Ring Brothers’ builds alone. At the 2017 SEMA Show in Las Vegas, Ringbrothers showed up with a murdered-out, heavily-modified 1969 Dodge Charger named “Defector.” People were really excited about the muscle car since it took a beloved model and improved on it while preserving

Read More

Member Benefits

Most of the adjustments occurring in the automotive market immediately, including tightened credit markets in a capital-intensive trade and increased authorities involvement are the latest international challenges. Journey (ADV): Tall, with big engines and fuel tanks, these are built for lengthy, far rides, totally on-highway—and throughout gravel, mud, and sand, as long as they have the best tires. Most have engines around 700 cc, though others go up to 1,200 cc. Performed proper, these are the bikes that should make you wish to stop your job and ride around the globe. (For asphalt-solely driving, Sport Touring motorcycles are nearer to the bottom, extra aerodynamic, and lighter than a typical ADV).

Change in Fees and Billing Technique. We might change our fees and billing methods at any time. We are going to offer you discover of any value increase a minimum of thirty (30) days in advance. Topic to applicable regulation, … Read More