Business News

Avis Budget Group Recognized as a ‘Best for Vets’ Employer

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PARSIPPANY, N.J., May 13, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) has earned a place in the 2013 edition of Military Times’ Best for Vets: Employers survey. The Company was recognized for its achievements in recruiting and employing veterans, for its policies related to veterans, reservists and their families, and for the organization’s culture, among […]

Business News

Avis Budget Group Reports First Quarter 2013 Results

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Revenue increased 4% to $1.7 billion. Pricing in North America increased 4% year-over-year. Adjusted EBITDA declined 22% to $93 million, excluding certain items. Company reported net income, excluding certain items, of $9 million in the seasonally slower first quarter, and a GAAP net loss of $46 million. Company completed acquisition of Zipcar, the world’s leading […]

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Majority of UK Start-Ups Say Sharing Costs is Essential for Survival

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LONDON (30th April, 2013): New research by Zipcar, the UK’s largest pay-as-you-drive car network, commissioned with national campaign StartUp Britain, finds that 54% of British start-ups are clubbing together to share core business functions with other businesses. Over half (55%) identified sharing resources with other businesses as ‘essential’ to business survival. The findings are part […]

Business News

Avis Budget Group Announces Expiration and Final Results of Tender Offer for 9 5/8% Senior Notes Due 2018 and 9.75% Senior Notes Due 2020

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PARSIPPANY, N.J., April 17, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) (the “Company”) announced today the expiration and final results of the previously announced cash tender offers (the “Offers”) by its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (collectively, the “Issuers”), to purchase any and all of the […]