The latest casualty was Hertz Global Holdings Inc, whose stock slumped 13 percent on Wednesday after

(Reuters) While an improving U.S. economy has helped rev up demand for car rentals, the rental companies have found themselves short of vehicles due to the slew of recalls by car manufacturers this year.
The latest casualty was Hertz Global Holdings Inc, whose stock slumped 13 percent on Wednesday after the company withdrew its full-year financial forecast, blaming a shortage of cars due to the recalls and costs associated with an accounting error.
GM cars comprise nearly 28 percent of Hertz s U.S. fleet, compared with 19 percent for Avis. GM, the No.1 U.S. automaker, has recalled millions of cars this year, most notably for a deadly ignition-switch flaw.
Hertz on Tuesday said it expects 2014 results to be well below its previous forecast due to the recalls and costs related to correcting financial results to fix accounting errors hawaii beachfront vacation rentals originating hawaii beachfront vacation rentals in 2011. ( 1.usa.gov/YwpVmG )
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