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Hertz Shares Crash with Another Electric Vehicle Wreck

Shares of car rental giant Hertz plunged more than 20% on Thursday after the company reported huge losses related to investments in electric vehicles (EVs). Hertz has been struggling for months, focusing all its efforts on EVs. Hertz executives announced Thursday that the company’s first-quarter loss of $1.28 per share was many times larger than […]

Canada launches new offensive in electric vehicle manufacturing subsidy war

Canada is spending more to help automakers build out electric vehicle supply chains in the country as part of its yearslong effort to attract new auto investments and compete with the U.S. EV subsidies enacted under President Joe Biden. The tax credit, included in the government’s new 2024 budget proposal, offers manufacturers a 10% subsidy […]

Police Officer Shot Dead By Teen Over Suspicious Vehicle Stop, Police Say

A Memphis police officer was shot dead by a teenage suspect early Friday over a suspicious vehicle stop, police alleged. Joseph McKinney, an officer of three years for the Memphis Police Department (MPD), was killed around 2 a.m. during a shootout with multiple teenage suspects, according to law enforcement, CBS News reported. Interim Police Chief […]

Super Bowl champion Ricardo Lockette arrested on weapon, stolen vehicle charges

Former NFL player Ricardo Lockett was arrested in Atlanta earlier this week, according to booking records obtained by . FOX 5 ATLANTA. Lockett faces multiple charges, including possession of a firearm or knife during the commission or intent to commit a felony, possession of a vehicle with an altered VIN, and theft by receiving stolen […]