Watch CNBC's full interview with Hertz CEO Stephen Scherr and Polestar CEO Thomas Ingenlath

Polestar CEO Thomas Ingenlath and Hertz CEO Stephen Scherr join CNBC's 'Squawk Box' to break down the pair's new strategic partnership. "This is not the one year rental deal that we know from the past," Ingenlath tells CNBC. Scherr also reacts to Elon Musk's 9.2% stake in social media company Twitter.