Car Rental Stocks On Collision Course With Safety Recall Regulations

Car rental stocks are facing a dangerous road ahead. Hertz (NYSE: HTZ), Avis Budget Group (NASDAQ: CAR), Dollar Thrifty Automotive Group (NYSE: DTG) and privately held car rental company Enterprise Holdings could face higher operating costs if federal regulators and a U.S. Senator change the way rental car firms manage auto safety recalls.The proposed changes would close the so-called rental car “loophole” for car rental stocks Hertz, Avis Budget and Dollar Thrifty by banning the

Read more ...