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Avis Budget Group Celebrates Team Members Who Own the Customer Experience

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PARSIPPANY, N.J., Feb. 27, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) today announced that the Company has recognized more than 1,000 Customer Experience Owners (C.E.O.s). Introduced in North America in 2011, the C.E.O. program highlights the achievements of team members who have been praised by Avis Car Rental, Budget Car Rental and Budget […]

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Avis Budget Group Completes $750 Million Asset-Backed Bond Offering

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PARSIPPANY, N.J., Feb. 13, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) announced today that its Avis Budget Rental Car Funding (AESOP) LLC subsidiary has completed an offering of $750 million of asset-backed bonds with a weighted average interest rate of approximately 2.0%, the lowest rate on five-year, fixed-rate vehicle debt in the Company’s […]

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Avis Budget Group’s Pending Acquisition of Zipcar Receives U.S. Antitrust Clearance

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PARSIPPANY, N.J. and CAMBRIDGE, Mass., Feb. 12, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) and Zipcar, Inc. (Nasdaq:ZIP), the world’s leading car sharing network, today announced that the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired on February 11, 2013 in connection with Avis Budget’s previously announced […]

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Avis Celebrates 100,000 Select & Go Transactions

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PARSIPPANY, N.J., Feb. 7, 2013 (GLOBE NEWSWIRE) — Avis Car Rental today announced that Avis Preferred® Select & Go, the Company’s vehicle selection service, has exceeded 100,000 vehicle exchange transactions, including upgrades. Launched in June and now available at top airport locations in the United States, Select & Go empowers frequent renters to select the vehicle that […]

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Avis Campaign Named Magazine Advertisement of the Year

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PARSIPPANY, N.J., Jan. 28, 2013 (GLOBE NEWSWIRE) — In recognition of its experiential iPad campaign in The Economist, Avis Car Rental won “Magazine Advertisement of the Year” at the 2012 Digital Magazine Awards. Celebrating the best magazines, individuals and advertisers from the digital publishing industry, the international awards honored Avis for bringing to life the idea […]

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Avis Budget Group Pledges Support to the U.S. National Guard and Reserve

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PARSIPPANY, N.J., Jan. 22, 2013 (GLOBE NEWSWIRE) — Avis Budget Group Chairman and Chief Executive Officer Ronald L. Nelson has signed a “Statement of Support” for the country’s military veterans, reservists and national guardsmen, at a ceremony held at the Company’s world headquarters. A cornerstone effort of the Employer Support of the Guard and Reserve […]