Avis Budget Group Enters into New Cooperation Agreement with SRS Investment Management
Board will Ultimately Be Comprised of Nine Directors, Including Three SRS Representatives PARSIPPANY, N.J., Feb. 24, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that it has entered into a new cooperation agreement with SRS Investment Management, LLC (“SRS”), the Company’s largest shareholder. The terms of the new approximately […]
Avis Budget Group Appoints Bernardo Hees chairman of the Board of Directors
PARSIPPANY, N.J., Feb. 10, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that Bernardo Hees has been appointed to the Company’s Board of Directors (the “Board”) and named Independent Chairman of the Board and Chair of the Board’s Executive Committee, effective immediately. Over the last 15 years, Mr. Hees […]
Avis Budget Group Named One of Canada’s Best Employers
Ranking recognizes employee satisfaction levels and likelihood to recommend their place of work PARSIPPANY, N.J., Jan. 29, 2020 (GLOBE NEWSWIRE) — Avis Budget Group has been named to the Forbes list of Canada’s Best Employers 2020. Developed in collaboration with analytics firm Statista, the 2020 ranking highlights 300 companies with operations in Canada. Avis Budget […]
Avis Budget Group Adopts Short-Term Shareholder Rights Plan to Protect the Company and its Shareholders
SRS Investment Management Refuses to Renew Cooperation Agreement on Acceptable Terms PARSIPPANY, N.J., Jan. 28, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that a committee (the “Committee”) of its Board of Directors that was formed to manage the Board’s engagement with SRS Investment Management (“SRS”) has unanimously approved the adoption […]
Avis Budget Group and Fiat Chrysler Automobiles Sign New Connected Car Agreement, Giving a More Streamlined, Self-Serve and On-Demand Rental Experience in Europe
Customers of Avis Budget Group renting FCA vehicles in Europe will soon find it easier to pick up and return their vehicles, allowing them to manage their entire rental experience digitally and enabling lock/unlock technology. More than 22,000 connected Fiat, Jeep, Alfa Romeo, Lancia cars and Fiat Professional LCV’s are projected to be added to […]
Avis Budget Group Provides Leadership Update
Joe Ferraro Named Interim Chief Executive Officer PARSIPPANY, N.J., Dec. 30, 2019 (GLOBE NEWSWIRE) — 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 […]
Avis Budget Group Surpasses 200,000 Connected Vehicle Mark
Connected fleet offers trifecta of benefits: operational efficiency, customer satisfaction and new revenue models PARSIPPANY, N.J., Dec. 16, 2019 (GLOBE NEWSWIRE) — Avis Budget Group announced today that it has surpassed the 200,000 connected car threshold globally, a significant marker on its journey to fully connecting its fleet of more than 600,000 vehicles. To date, […]
Avis Named World’s Leading Car Rental Company at World Travel Awards 2019
BRACKNELL, United Kingdom, Dec. 10, 2019 (GLOBE NEWSWIRE) — Leading car rental brand, Avis, has been named the world’s leading car rental company for the second year in a row at the World Travel Awards 2019 Grand Final. The award was announced at an awards ceremony in Muscat, Oman on 28th November 2019. The evening marked […]
Avis Budget Group Partners with Verizon and Edison Interactive to Launch New All-in-One Digital Travel Assistant
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 (GLOBE NEWSWIRE) — 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 […]
Avis Named #1 Rental Car Travel App by J.D. Power
Avis mobile app ranked highest in customer satisfaction in J.D. Power 2019 U.S. Travel App Satisfaction Study PARSIPPANY, N.J., Nov. 20, 2019 (GLOBE NEWSWIRE) — Avis Car Rental was named the 2019 top rental car travel app by J.D. Power. The Avis mobile app ranked the highest in customer satisfaction, receiving the highest score out […]