- Hertz (NASDAQ:HTZ) +6.7% premarket after announcing an agreement to supply cars for Lyft (LYFT) and Uber (UBER) drivers in the U.S. under specified rental agreements.
- HTZ says the Lyft deal expands upon pilot projects in Las Vegas and Denver, and will begin renting cars to drivers in Los Angeles and San Francisco with more markets expected to follow.
- The Uber agreement initially will supply its partners in the Los Angeles area with other markets expected to follow.
- HTZ says the agreements provide set rental rates for drivers, who will be serviced from off-airport HTZ locations that give on-site support.