Founded in 1918 with a fleet of just twelve Ford Model Ts, Hertz Global Holdings Inc. has grown into the world's largest rental car company with nearly 8,000 offices worldwide. According to to Reuters, on Friday, the company filed a lawsuit against Audit Integrity Inc. and its chief executive, Jack Zwingli, after its analysts published a report earlier this month indicating Hertz would be among nearly two dozen large companies "most likely to declare bankruptcy" during the next year.
Earlier this year, Navistar delayed the filing of its annual report and blamed it on accounting errors by its auditor. Now, the truckmaker has stated that it will fire Deloitte and Touche and will retain the services of KPMG for its auditing needs. The relationship with Deloitte went back nearly a century.