Hertz: NYSE may start delisting process

Hertz said it received notice from the New York Stock Exchange for failure to meet listing standard resulting from inability to timely file annual form 10-K for 2014.

The rental company said it gives no assurance of filing financial reports "within initial cure period or any extended cure period," and that it continues to expect to not file updated financial statements before mid-2015

Hertz has until Sept. 17 to resolve the filing delinquency. The NYSE may start the delisting process if the company fails to file by expiration available period.

Up to Tuesday's close, Hertz shares have fallen 22 percent since March 20, 2014, when it first disclosed the accounting errors. (Get the latest quote here.)

CNBC contributed to this report.