Business News

Avis Budget Group Delivers Record Fourth Quarter Revenue Driven By Overperformance in the Americas

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PARSIPPANY, N.J., Feb. 19, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today reported a record fourth quarter and results for the full year ended December 31, 2019, driven by the strong performance in the Americas. We are also providing our outlook for 2020. Fourth Quarter 2019 over Fourth Quarter 2018 Highlights: Revenues increased […]

Business News

Avis Budget Group Provides Leadership Update

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Joe Ferraro Named Interim Chief Executive Officer PARSIPPANY, N.J., December, 30, 2019 — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that its Board of Directors has appointed Joe Ferraro, President, Americas, as Interim Chief Executive Officer, effective January 1, 2020. Mr. Ferraro’s appointment reflects the previously announced departure at year-end of Larry De Shon, […]

Partnerships

Avis Budget Group Partners with Verizon and Edison Interactive to Launch New All-in-One Digital Travel Assistant

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Strategic partnership powers an enhanced digital media experience for car rental travelers using Verizon’s nationwide 4G LTE network PARSIPPANY, N.J., Dec. 10, 2019 — Avis Budget Group, in partnership with Verizon and Edison Interactive, today announced the launch of a new all-in-one digital travel assistant exclusively available to Avis, Budget, and Payless Car Rental customers. […]

Business News

Avis Budget Group Recognized for Support of Women in the Workplace at Inaugural WINiT Awards Gala

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WINiT names Avis Budget Group’s Vice President of Sales, Beth Kinerk, among Top 40 Women in Travel  PARSIPPANY, N.J., November 14, 2019— Avis Budget Group has been honored as the winner of The Creating a Company Culture for Women to Advance and Succeed Award at the inaugural WINiT Awards presented by the Global Business Travel Association (GBTA). […]

Business News

Avis Budget Group Announces Role as Founding Partner of Urban Movement Labs, Driving Transportation Innovation in Los Angeles

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Led by Los Angeles Mayor Eric Garcetti, Urban Movement Labs is America’s first public-private partnership charged with bringing new mobility solutions to L.A. communities PARSIPPANY, N.J., Nov. 14, 2019 — Avis Budget Group announces today it is one of the founding partners behind Urban Movement Labs, a first-of-its-kind public-private partnership to accelerate transportation innovation launched […]