https://www.investing.com/news/stock-market-news/hertz-stock-surges-22-on-uber-partnership-via-oro-mobility-93CH-4649091 Investing.com -- https://www.investing.com/equities/hertz-global shares surged 22% Thursday following the announcement of two strategic fleet partnerships with https://www.investing.com/equities/uber-technologies-inc through its newly launched affiliate, Oro Mobility.The partnerships mark Hertz’s expansion into new mobility sectors, with Oro Mobility providing fleet management services for both autonomous robotaxis and driver-led operations on Uber’s platform. Oro will support Uber’s autonomous robotaxi program using Lucid vehicles equipped with Nuro AV technology, handling day-to-day vehicle asset management including charging, maintenance, repairs, cleaning, and depot staffing. Services are expected to launch in the San Francisco Bay Area later this year, with potential expansion in 2027.Oro has also partnered with Uber to offer strategic fleet services using high-quality vehicles operated by Oro-employed drivers. Following a successful pilot in Atlanta last year, Oro is now active on the Uber platform in Los Angeles and San Francisco, with Northern New Jersey expected to launch this spring."Hertz has spent over a century mastering complex fleet operations at scale, and Oro is how we put that expertise to work in the next era of mobility," said Gil West, CEO at Hertz. "This partnership with Uber establishes Oro as an integrated solution that connects demand with scalable fleet management services."Andrew Macdonald, President and COO of Uber, stated, "Partnering with Hertz’s Oro Mobility will help us continue to bring the best autonomous technology onto the Uber platform and accelerate the transition to a hybrid network in which both driver-led and autonomous rideshare operations can scale and serve communities reliably and efficiently
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