Hertz Expands Rental Program for Lyft, Uber Drivers

“This is a positive agreement for both Hertz and Uber. Utilizing cars that are rotating out of our consumer rental fleet creates a model that works for Hertz and for Uber partners by providing them with well-maintained, good condition cars. We consider this agreement to be largely complementary to our car rental business, and it enables us to leverage our fleet and distribution infrastructure to participate in the dramatic growth in the ride sharing, or e–hailing, segment,” said John Tague, Hertz president and CEO, in a statement. (Simply replace the word “Lyft” with “Uber” to get Hertz’s statement for that business deal.)