This Rental Car Giant Just Inked a Deal With Uber and Lyft

By Reuters
Hertz Global Holdings Inc Announce Earnings
A customer looks over a rental contract at a Hertz Global Holdings Inc. car rental store in San Francisco, California, U.S., on Thursday, July 28, 2011. Hertz, which made an offer now valued at $2.05 billion for Dollar Thrifty on May 9, said 1.01 million Dollar Thrifty shares have been tendered through the offer. Photographer: David Paul Morris/Bloomberg via Getty Images
Photograph by David Paul Morris — Bloomberg/Getty Images

Hertz Global Holdings said it has reached deals with the two largest U.S. ride-hailing companies, Uber Technologies and Lyft, to rent cars to their drivers.

Hertz’s deal with Uber will allow drivers in Los Angeles to rent cars from certain off-airport Hertz (HTZ) locations. The deal could be expanded to other areas in the United States, Hertz said.

The cars can be used by Uber drivers for both personal driving and business.

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Hertz, which piloted a similar partnership with Lyft in Las Vegas and Denver last year, said it would also rent cars in Los Angeles and San Francisco.