Pershing square CEO Bill Ackman – who disclosed in a Thursday, April 17) job on X that the company holds a 19.8% hertz passion – said in the post that Hertz And Uber would be ideal partners to deploy a fleet of autonomous vehicles (AVS).
Calling the idea of an “experience of funny reflection”, Ackman said in the position that such a partnership would bring together the fleet of 500,000 Hertz vehicles, expertise in vehicle maintenance and 11,200 locations worldwide with Uber’s ability to improve the use and profitability of this fleet.
“Come and think about it, I’m going to call (CEO of Uber Dara Khosrowshahi), “Said Ackman in a post.
In a answer At the post, Khosrowshahi said: “Hertz was a great partner of ours @uber – excited to think about how we can develop our relationship!”
The Wall Street Journal (WSJ), which reported On Friday, during this exchange, said thatkman and Pershing Square were formerly known to fight attorney and uncovered sales, but are now focusing on “holding a concentrated portfolio of well-known actions which, according to them, are undervalued”.
The WSJ also reported that Hertz CEO Gil West Said in a note to the employees that they should feel encouraged and energized by the post of Ackman.
ACKMAN said in its article on X that car rental can be very profitable, that West and its management team make improvements to the company, and that Hertz is “unique well positioned in the current price environment” because it has more than 500,000 vehicles at a time when the prices are likely to cause an increase in the prices of used cars.
“A 10% increase in second -hand car prices would be equivalent to a gain of $ 1.2 billion on its automotive assets – equivalent to around half of the company’s current market capitalization,” said ACKMAN in the position.
The previous CEO of Hertz resigned in March 2024, weeks after the information that the company weighed job cuts after having sold approximately a third of its electric vehicle Float and say that he was losing money on cars.
In addition to selling its fleet of electric vehicles, the company has also interrupted plans to buy tens of thousands of electric vehicles.
