Rental Companies Buy Up Used Cars as Chip Crisis Get Worse
Bloomberg 4 hrs ago David Welch
(Bloomberg) The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they have resorted to buying used vehicles at auction.
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This is uncharted territory for the likes of Hertz Global Holdings Inc. and Enterprise Holdings Inc., which have made their profits by purchasing new vehicles cheaply in bulk, renting them out for as much as a year and selling them at auction. In the past, they have bought some used cars to shore up an occasional unforeseen burst in demand, but rarely for the mainstays of their fleets.
India Cases Pass 400,000; Australia’s Jail Threat: Virus Update
Bloomberg 1 hr ago
The number of daily coronavirus cases in India crossed the 400,000 mark for the first time as the nation struggles to contain its latest outbreak. The nation opened up vaccinations to all adults on Saturday. India needs to shut down for a few weeks to control the Covid-19 outbreak, Anthony Fauci, one of the leading global voices on the pandemic, told the Indian Express newspaper in an interview.
President Joe Biden banned most travel to the U.S. from India beginning Tuesday as the country struggles to combat the worst surge of coronavirus cases in the world. Passengers on airplanes, buses and other forms mass transportation in the U.S. will have to keep wearing masks.
President Joe Biden banned most travel to the U.S. from India beginning Tuesday as the country struggles to combat the worst surge of coronavirus cases in the world. Passengers on airplanes, buses and other forms mass transportation in the U.S. will have to keep wearing masks.
India Cases Pass 400,000; Russia’s 10-Day Holiday: Virus Update
Bloomberg 1 hr ago
The number of daily coronavirus cases in India crossed the 400,000 mark for the first time as the nation struggles to contain its latest outbreak. The nation opened up vaccinations to all adults on Saturday. India needs to shut down for a few weeks to control the Covid-19 outbreak, Anthony Fauci, one of the leading global voices on the pandemic, told the Indian Express newspaper in an interview.
President Joe Biden banned most travel to the U.S. from India beginning Tuesday as the country struggles to combat the worst surge of coronavirus cases in the world.