According to Hertz Global Holdings, on Thursday the company announced Oro Mobility, a new unit partnering with Uber Technologies on two separate deals: autonomous vehicle operations for Uber’s self-driving taxi program and human-driver fleet services. Hertz stock surged 17.14% to $6.55 during trading. Oro will handle charging, maintenance, and facility management for driverless cars in the San Francisco Bay Area before year-end, with potential expansion to other cities by 2027. The human-driver fleet is already operating in Los Angeles and San Francisco, with Northern New Jersey launching this spring.
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