TECH - Hertz Freezes Polestar EV Purchases In Wake Of Fleet Restructuring | Benzinga
Car rental service Hertz Global Holdings Inc (NASDAQ:HTZ) has reportedly decided to pause its planned procurement of Polestar vehicles this year on the heels of its decision to downsize its EV fleet.
What Happened: While Polestar has agreed to waive Hertz’s requirement to buy a particular number of EVs from it in 2024, Hertz has agreed to not sell the Polestar vehicles in its fleet too early or cheap, Financial Times reported, citing Polestar CEO Thomas Ingenlath.
As per the report, Hertz will keep the existing Polestar cars in its fleet for longer than a year and Polestar will have the right to first ...