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The car rental giant will pay $168 million, resolving 95% of its hundreds of claims relating to vehicle theft reporting.
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Hertz Sweden and Norway will pilot Ravin's AI visual inspection technology to improve efficiency, objectivity, and standardization across Hertz's operations.
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Hertz's Q3 earnings are up 12% year over year, yet car sales gains came in lower as residual values declined steeper than expected.
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Through the multi-year partnership, Hertz will use the Palantir Foundry system to create a platform to manage and operate its fleet of nearly 500,000 vehicles.
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The car rental operator plans to install a national network of EV charging solutions for Hertz, its customers, and the public, powered by BP Pulse.
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The lawsuit said that five named customers were stopped in the past year by police and held at gunpoint for renting and driving vehicles that Hertz incorrectly reported as stolen.
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Hertz plans to order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop EVs from GM over the next five years.
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Both rental car companies plan to report their second quarter 2022 financial results in the next few weeks.
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The Network Association of Uniform Manufacturers and Distributors recognized Hertz for its apparel design.
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Polestar is shipping the first batch of Polestar 2's to Hertz as a part of an agreement to provide 65,000 electric vehicles to the rental company over five years.
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