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Hertz shares jump 22% after launching Oro Mobility and partnering with Uber for autonomous rideshare services

Market News
30 Apr 2026
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Bullish
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Hertz Global's shares surged 22% to a three-month high following the launch of its new fleet management subsidiary, Oro Mobility, and a strategic partnership with Uber. Oro Mobility will provide integrated fleet management solutions, initially launching in the Bay Area with autonomous Lucid vehicles using Nuro technology. This partnership aims to accelerate Uber's autonomous robotaxi and driver-led rideshare services, combining Uber's platform with Hertz's fleet expertise to meet growing rideshare demand and enhance the rider experience.

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