Hertz Global Holdings, Inc. (NYSE:HTZ) confirmed Friday that it would restate 2012 and 2013 financial results, following an ongoing review that showed accounting errors.
The second largest U.S. car rental group also unveiled a new strategy for its U.S. rental car fleet, with an emphasis on buying more 2015 than 2014 model-year cars.
Restatement for three years
As reported by ValueWalk in June, Hertz Global Holdings, Inc. (NYSE:HTZ) disclosed that following an internal audit, its results for 2011 which were amended in its most recent annual report “should no longer be relied upon”. The company also indicated that financial statements for both 2012 and 2013 will need to be...
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