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<blockquote data-quote="Weather Man" data-source="post: 16685712" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3758840-hertz-in-pact-with-carvana-to-boost-online-sales?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Hertz in pact with Carvana to boost online sales</a></h3><p><a href="https://seekingalpha.com/symbol/HTZZ" target="_blank">HTZZ +1.03%</a>Oct. 27, 2021 7:21 AM ET</p><ul> <li data-xf-list-type="ul">Hertz (<a href="https://seekingalpha.com/symbol/HTZZ" target="_blank">OTCPK:HTZZ</a>) and Carvana (NYSE:<a href="https://seekingalpha.com/symbol/CVNA" target="_blank">CVNA</a>) are <a href="https://seekingalpha.com/pr/18530411-hertz-and-carvana-partner-to-boost-online-sales" target="_blank">partnering nationwide</a>, following a pilot in September, to facilitate Hertz to utilize Carvana's online transaction technology and logistics network to expand vehicle disposition channels.</li> <li data-xf-list-type="ul">The partnership with Carvana is significant to Hertz as it embarks on an ambitious effort to transform its fleet and the rental car industry.</li> <li data-xf-list-type="ul">"Our new partnership with Carvana will help Hertz provide a tech-enabled and scalable channel through the lifecycle of our fleet," said Mark Fields, Hertz interim CEO.</li> </ul><p></p><p></p><h3><a href="https://seekingalpha.com/news/3758827-stellantis-pushes-ahead-with-electric-vehicle-plans?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Stellantis pushes ahead with electric vehicle plans</a></h3><p><a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA -0.34%</a>Oct. 27, 2021 7:12 AM ET</p><ul> <li data-xf-list-type="ul">Stellantis (NYSE:<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a>) is setting up four new electrified platforms to help build up to two million vehicles a year.</li> <li data-xf-list-type="ul">"The four platforms are designed with a high level of flexibility and parts sharing, to create scale economies," notes a Stellantis exec.</li> <li data-xf-list-type="ul">The new EV platforms are part of Chief Executive Carlos Tavares' overall plan to combined the company's 14 brands to achieve a goal of over $5.8B in annual synergies and accelerate the transition to cleaner mobility.</li> <li data-xf-list-type="ul">Stellantis will invest over €30M euros over the next four years to electrify the model lineup.</li> <li data-xf-list-type="ul">Last week, Stellantis formed a key joint venture JV with Samsung SDI for lithium-ion <a href="https://seekingalpha.com/news/3756477-stellantis-to-form-jv-with-samsung-sdi-for-lithium-ion-battery-production-in-north-america" target="_blank">battery production in North America.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16685712, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3758840-hertz-in-pact-with-carvana-to-boost-online-sales?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Hertz in pact with Carvana to boost online sales[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/HTZZ']HTZZ +1.03%[/URL]Oct. 27, 2021 7:21 AM ET [LIST] [*]Hertz ([URL='https://seekingalpha.com/symbol/HTZZ']OTCPK:HTZZ[/URL]) and Carvana (NYSE:[URL='https://seekingalpha.com/symbol/CVNA']CVNA[/URL]) are [URL='https://seekingalpha.com/pr/18530411-hertz-and-carvana-partner-to-boost-online-sales']partnering nationwide[/URL], following a pilot in September, to facilitate Hertz to utilize Carvana's online transaction technology and logistics network to expand vehicle disposition channels. [*]The partnership with Carvana is significant to Hertz as it embarks on an ambitious effort to transform its fleet and the rental car industry. [*]"Our new partnership with Carvana will help Hertz provide a tech-enabled and scalable channel through the lifecycle of our fleet," said Mark Fields, Hertz interim CEO. [/LIST] [HEADING=2][URL='https://seekingalpha.com/news/3758827-stellantis-pushes-ahead-with-electric-vehicle-plans?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Stellantis pushes ahead with electric vehicle plans[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/STLA']STLA -0.34%[/URL]Oct. 27, 2021 7:12 AM ET [LIST] [*]Stellantis (NYSE:[URL='https://seekingalpha.com/symbol/STLA']STLA[/URL]) is setting up four new electrified platforms to help build up to two million vehicles a year. [*]"The four platforms are designed with a high level of flexibility and parts sharing, to create scale economies," notes a Stellantis exec. [*]The new EV platforms are part of Chief Executive Carlos Tavares' overall plan to combined the company's 14 brands to achieve a goal of over $5.8B in annual synergies and accelerate the transition to cleaner mobility. [*]Stellantis will invest over €30M euros over the next four years to electrify the model lineup. [*]Last week, Stellantis formed a key joint venture JV with Samsung SDI for lithium-ion [URL='https://seekingalpha.com/news/3756477-stellantis-to-form-jv-with-samsung-sdi-for-lithium-ion-battery-production-in-north-america']battery production in North America.[/URL] [/LIST] [/QUOTE]
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