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Hertz Global Shares Rise After Oro Mobility, Uber Technologies Sign Two Fleet Maintenance Partnerships
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Hertz Global Shares Rise After Oro Mobility, Uber Technologies Sign Two Fleet Maintenance Partnerships
Apr 30, 2026 12:01 PM

02:42 PM EDT, 04/30/2026 (MT Newswires) -- Hertz Global ( HTZ ) shares were up 11% in Thursday trading after its affiliated operating company Oro Mobility and Uber Technologies ( UBER ) said they have signed two fleet partnerships related to operational and maintenance services across autonomous and driver-led operations.

Financial details related to the collaboration were not disclosed.

Under one of the partnerships, Oro Mobility will provide day-to-day vehicle asset management, including charging, maintenance, repairs, cleaning, and depot staffing for Uber's ( UBER ) autonomous robotaxi program of Lucid (LCID) vehicles, the companies said.

Oro Mobility will also offer strategic fleet services on the Uber ( UBER ) platform, using vehicles operated by Oro-employed drivers, the companies said.

Additionally, Oro is now active on the Uber ( UBER ) platform in Los Angeles and San Francisco, with Northern New Jersey expected to launch this spring, according to the companies.

Price: 6.25, Change: +0.65, Percent Change: +11.61

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