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Three car rental companies pull Toyotas from fleets

Three car rental companies pull Toyotas from fleets

Three car rental companies said Wednesday they are pulling thousands of Toyotas from their fleets over faulty gas pedals.
The Pontiac Vibe, made by General Motors Co. in conjunction with Toyota, has also been recalled and will be removed from service by Enterprise Holdings, which operates the Alamo Rent A Car, Enterprise Rent-A-Car and National Car Rental chains.
Toyota Motor Co. announced Tuesday that it was suspending sales and halting production of eight models following last week's recall to repair sticking gas pedals that could make the cars and trucks accelerate without warning. Avis Budget Group Inc. said that it is immediately removing about 20,000 Toyotas from its rental fleets in the U.S., Canada and Puerto Rico. Separately, Hertz Corp. said it would temporarily stop renting vehicles involved in the recall.
Privately held Enterprise said it is also pulling the affected vehicles, which represent about 4 percent of its fleet, but is acting out of "an abundance of caution."
Shares of Avis rose US$0.16 to close at US$11.53 Wednesday. Hertz shares added US$0.27 to end at US$11.01. Toyota shares fell US$7.01, or 8.1 percent, to close at US$79.77 and dropped US$0.27 in after-hours trading.


Updated : 2021-01-19 19:50 GMT+08:00