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Stock impact report

Hertz is buying up to 175,000 electric vehicles from GM [CNN]

Hertz Global Holdings, Inc (HTZ) 
Last hertz global holdings, inc earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.hertz.com
Company Research Source: CNN
CNN Business — Hertz plans to purchase vehicles from all four of GM's North American passenger vehicle brands — Chevrolet, Buick, GMC, and Cadillac. The purchases will include a variety of vehicle types and classes such as small and mid-size SUVs, cars, and pickup trucks. Most of these models are not yet in production, but GM has recently started production of the Cadillac Lyriq electric SUV and the GMC Hummer EV electric truck. Three new electric Chevrolet models have also been unveiled this year: The Chevrolet Silverado pickup Blazer EV SUV and Equinox EV SUV are expected to go on sale next year. Hertz may also bring GM's Brightdrop delivery vans into its rental fleet. Hertz will take delivery of the first GM electric vehicles — Chevrolet Bolt EV and EUV hatchbacks and crossovers — early next year. After that, GM's electric vehicle deliveries to Hertz will increase as the automaker's production of electric vehicles ramps up. GM expects to be able to produce as many as a milli Show less Read more
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