Pershing Square CEO Bill Ackman recently proposed a partnership between Hertz and Uber to roll out a fleet of autonomous vehicles (AVs). In a post on X, Ackman expressed his enthusiasm for the idea, citing Hertz’s vast network of 500,000 vehicles and 11,200 locations globally as ideal partners. He believes that such a partnership would improve the utilization and profitability of the fleet.
Uber CEO Dara Khosrowshahi responded positively to Ackman’s post, stating that Hertz has been a great partner and expressing excitement to brainstorm on how to expand their relationship.
Ackman also shared his thoughts on Hertz’s potential for profit in the autonomous vehicle market. He noted that with over 500,000 vehicles at any given time, Hertz is uniquely positioned to benefit from an increase in used car prices, which could result in a $1.2 billion gain on its auto assets.
The news comes as Hertz has been working to improve its financial situation after the previous CEO stepped down in March 2024. The company had also halted plans to purchase tens of thousands of electric vehicles and sold off about a third of its electric vehicle fleet.
In unrelated news, Boston’s Seaport will soon welcome the Museum of American Finance, an affiliate of the Smithsonian Institution. The museum will feature exhibits on financial history, including documents from Alexander Hamilton and a collection of 18th-century U.S. financial records.
Source: https://www.pymnts.com/transportation/2025/pershing-square-ceo-bill-ackman-suggests-hertz-uber-partnership-on-autonomous-vehicles