Hertz Global (HTZ) Chief Executive Gil West said in a letter to employees that they should all feel "encouraged by Bill Ackman's comments and energized by the strong support," multiple reports said Friday.
On Thursday, Ackman said in a post on X that his investment management company has accumulated a 19.8% stake in Hertz.
"Hertz is uniquely well-positioned in the current tariff environment, where auto tariffs are likely to cause used car prices to rise," Ackman said in the post.
Hertz did not immediately respond to a request for comment from MT Newswires.
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