Hertz Global CEO Gil West expressed encouragement and energy regarding Bill Ackman's significant position in the company, stating that the endorsement is a testament to Hertz's progress and strategy. West's internal message to employees highlighted confidence in the company's core business and its position as a global leader in vehicle rental and used car sales.
Bill Ackman, through Pershing Square, outlined his bullish thesis for Hertz, citing an improving industry structure and more rational competitive behavior. He also suggested a potential partnership between Hertz and Uber to roll out a fleet of autonomous vehicles, leveraging Hertz's extensive fleet, maintenance expertise, and global infrastructure.
Ackman further noted that the current tariff environment is beneficial for Hertz, as it is expected to boost the value of its used vehicles. This aligns with Hertz's strategy to maximize profits from its vehicle sales, reinforcing the 'Sell Right' pillar of its 'Back-to-Basics Roadmap'.
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