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Hertz said Thursday that the rental car giant's failed investment in an electric vehicle fleet continues to be an expensive mistake, reporting it lost another $195 million last quarter in depreciation value from writing off the remaining EVs the company has held for sale.
In the wake of nearly three months since the acquisition of my first hobby vehicle (or a weekend car, a project car, a restoration undertaking... whatever you like to call it), the fortunes of the 1994 Ford Probe appear markedly improved. Approaching its 30th anniversary (first registered May 8, 1994), this vehicular relic now boasts an idling rhythm close to perfection, a significantly smoother acceleration profile, and a near-complete restoration of its operational features. Nevertheless, a considerable distance remains to traverse before the car attains the condition to which I aspire. Let me tell you more about the recent developments.
A Ferrari F40 had an unfortunate meeting with a wall of the Engelberg tunnel in Germany on Sunday morning. A 24-year-old luxury dealership employee somehow crashed the car while on his way to a car show, ripping off the car’s entire front end after colliding with both sides of the tunnel.
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Car insurance is a familiar concept to all of us: Almost every state in the union requires automobile insurance for drivers to legally operate a vehicle on public roads. Uninsured motorists, if caught, will be ticketed and fined, but more important, if they're involved in an accident they'll pay high repair costs, or even medical bills, and could potentially face financial ruin. So, insurance isn't just a requirement, it's a no-brainer. Most car insurance policies typically cover you for a year. But what if you need it for a shorter period — just a week or a month? There is a lesser-known product for that, called temporary insurance.
Earlier this month, Tesla began holding Cybertruck deliveries due to faulty accelerator pedal covers that could slide up and wedge themselves under the front bulkhead, pinning the pedal to the floor. One Cybertruck owner posted a video of the issue that went viral, causing Tesla to place a temporary stop-sale on Cybertrucks, before issuing a recall. Over the weekend, someone shared a glimpse of the fix, and it's as simple as you might expect—it's pretty much just a rivet.
The Tesla Cybertruck has officially been recalled for its flimsy accelerator pedal that could fall apart and become stuck in a depressed position, launching the electric pickup at full speed. Documents from the National Highway Traffic Safety Administration show that the problematic pedal is estimated to be present in all 3,878 Cybertrucks manufactured and delivered from last November up until April 4, about which time Tesla reportedly recognized the defect and paused sales.
Over the weekend, Mercedes revealed its latest hybrid performance car, the confoundingly named Mercedes-AMG GT63 S E Performance. It's a monstrously powerful, 805-horsepower coupe with great looks and impressive stats. However, it has an odd feature that might end up causing headaches for owners: its charge port is built into the rear bumper.