Hertz Teams Up With Uber And Lyft To Let People Rent Ride-Sharing Cars
Don’t have a car but wish you could make some cash as an Uber driver? It's Hertz to the rescue—the company just announced supply agreements with Uber and Lyft.
Wall Street loves the idea, saying it stands to create a new income stream for Hertz from its older, less desirable rental cars, CNN reports. Hertz stock jumped 5% after news of the deal broke.
The details of the deal aren’t clear yet, but Hertz says it will offer set rates, and the vehicles can be used for both personal use and cash rides. [CNN]