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Feature, money laundering, museum of american kuwait phone number data finance, news, pymnts news, pymnts weekender, saturday feature, scams, . Weekenderpershing square ceo bill ackman suggests hertz-uber partnership on autonomous vehiclesby pymnts | april , . | hertz, uber, partnerships, pershing squarepershing square ceo bill ackman — who disclosed in a . Thursday (april ) post on x that the firm owns a % stake hertz — . Said in the post that hertz and uber would be ideal partners to roll out . A fleet of autonomous vehicles (avs).
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Calling the idea a “fun thought experiment,” ackman said . In the post that such a partnership would bring together hertz’s fleet of , vehicles, . Expertise in vehicle maintenance and , locations globally with uber’s ability to improve the utilization . And profitability of that fleet. “come to think of it, I am going to call . [uber ceo dara khosrowshahi],” ackman said in a post.In a reply to the post, khosrowshahi . Said: “hertz has been a great partner of ours @uber — excited to brainstorm on .
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How we can expand on our relationship!”the wall street journal (wsj), which reported on this . Exchange friday, said ackman and pershing this method of reasoning is more complex and more expensive square were once known for waging proxy fights and . Short selling but now focus on “holding a concentrated portfolio of well-known stocks that it . Believes are undervalued.”the wsj also reported that hertz ceo gil west said in a note . To employees that they should feel encouraged and energized by ackman’s post. Ackman said in . His post on x that the car rental can be very profitable, that west and .
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His management team are making improvements to the company, and that hertz is “uniquely well-positioned . In the current tariff environment” because it owns more than , vehicles at a time . When tariffs are likely to cause an increase in used car prices.“a % increase in . Used car prices would equate to a $ billion gain on its auto assets — . Equivalent line data to approximately half of the company’s current market capitalization,” ackman said in the post.The . Previous ceo of hertz stepped down in march , weeks after reports that the company .