Hertz Stock Rises on Expanded Partnership with Uber
Hertz (HTZ) stock surged after announcing an expanded multi-year agreement with Uber Technologies (UBER), under which Hertz's new subsidiary, Oro Mobility, will manage Uber’s autonomous Lucid robotaxi fleet. The deal positions Hertz as a key infrastructure provider for next-gen transportation and could shift its business model toward high-margin service revenue.
Topics: autonomous vehicles Hertz robotaxis stock rally Uber