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Heavily Shorted Hertz Soars On Uber Robotaxi Deal
Heavily Shorted Hertz Soars On Uber Robotaxi Deal
Heavily shorted shares of rental-car company Hertz are soaring in premarket trading after the company announced a partnership with Uber Technologies to scale both autonomous robotaxi and driver-led rideshare operations.
Hertz’s Oro Mobility unit will be used as a fleet-management system for Uber’s next-generation mobility network of autonomous robotaxis. This means Oro will support the critical operating layer: charging, maintenance, repairs, cleaning, depot staffing, and vehicle logistics.
"Through its partnerships with Uber, Oro will deliver scalable operational and maintenance services across both autonomous and...
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First LNG Tanker Crosses Hormuz After Deal Announcement As Most Ship Managers Remain Cautious
First LNG Tanker Crosses Hormuz After Deal Announcement As Most Ship Managers Remain Cautious
An LNG carrier successfully passed through the Strait of Hormuz early on Monday, the first tanker carrying energy products to clear the chokepoint since the U.S. and Iran announced a deal to reopen the Strait later this week, according to OilPrice.com
While tanker owners and operators remain cautious about rushing to send vessels to the area or having the ones inside the Persian Gulf move quickly toward Hormuz, one LNG tanker passed through the Strait today, carrying...
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