Heavily Shorted Hertz Soars On Uber Robotaxi Deal
Heavily Shorted Hertz Soars On Uber Robotaxi Deal Heavily shorted shares of rental-car company Hertz are soaring in premarket trading after the company announced a partnership with Uber Technologies to scale both autonomous robotaxi and driver-led rideshare operations. Hertz’s Oro Mobility unit will be used as a fleet-management system for Uber’s next-generation mobility network of autonomous robotaxis. This means Oro will support the critical operating layer: charging, maintenance...
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