Zipcar and the City of New York Announce Two Major Initiatives to Reduce Personal Car Ownership and Increase Access to Car Sharing
NEW YORK, May 31, 2018 (GLOBE NEWSWIRE) — Zipcar, the world’s leading car-sharing network, and the City of New York, today announced two major initiatives that will soon make car sharing available in more neighborhoods and to more individuals throughout the city while reducing the need for personal vehicle ownership. Through participation in the Department […]
Avis Opens Car Sales Locations, Offering Previously-Owned Vehicles at Competitive Prices
PARSIPPANY, N.J., May 09, 2018 (GLOBE NEWSWIRE) — Avis today announced the opening of several car sales locations across Florida, Texas, and Massachusetts through its Avis Car Sales program. The large selection of newer, low-mileage vehicles which are competitively priced, are perfect for savvy car buyers. All vehicles are Avis Certified — meaning they have […]
Avis Budget Group Reports Strong First Quarter 2018 Results
PARSIPPANY, N.J., May 02, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its first quarter ended March 31, 2018. Revenue grew 7% to a record $2.0 billion in the first quarter Net loss improved by $20 million Adjusted EBITDA improved by $29 million Company reaffirms its projected full-year 2018 results“The […]
Avis Budget Group Brings Connected Cars to Europe with Groupe PSA Partnership
6,000 vehicles already in service, with a total of 11,000 connected cars expected by year’s endGroupe PSA is a leading supplier of connected vehicles to Avis Budget Group in Europe through the Peugeot, Citroën and DS brandsPARSIPPANY, N.J., April 30, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) today announced the addition of 6,000 […]
Avis Budget Group to Announce First Quarter 2018 Results on May 2
PARSIPPANY, N.J., April 17, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its first quarter 2018 results after the market close on Wednesday, May 2, 2018, and to host a conference call for institutional investors to discuss these results and its outlook on Thursday, May 3, 2018 […]
Avis Budget Group Garners Supplier Diversity Accolades
PARSIPPANY, N.J., March 26, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) has been recognized for its continued efforts in promoting opportunities for disadvantaged, minority and women-owned businesses. Avis Budget Group was named one of America’s Top Corporations for Women’s Business Enterprises by the Women’s Business Enterprise National Council (WBENC). Now in its 18th […]
Avis Continues to Lead its Category for Customer Loyalty
PARSIPPANY, N.J., March 20, 2018 (GLOBE NEWSWIRE) — For the 19th consecutive year, Avis Car Rental has been ranked the #1 car rental company in the Brand Keys Customer Loyalty Engagement Index®. The 2018 study examined brands in 84 categories. Avis received the highest marks in the car rental category by ranking first across all […]
Avis Budget Group Moves Closer to a Fully Connected Fleet with New Toyota Partnership
10,000 Connected Toyota Vehicles Bound for Locations Across the United StatesDeal Leverages Toyota’s Proprietary Mobility Services Platform (MSPF) to Enhance Customer Rental Experience and Increase Fleet EfficiencyPARSIPPANY, N.J., March 12, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) today announced a multi-year deal that will add 10,000 Toyota vehicles to Avis Car Rental’s expanding […]
Avis Budget Group Reports Fourth Quarter and Full-Year 2017 Results
PARSIPPANY, N.J., Feb. 21, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its fourth quarter and year ended December 31, 2017. Revenue increased 7% in the fourth quarter to $2.0 billion and was $8.8 billion for the full yearNet income of $220 million, including a one-time benefit of $213 million […]
Avis Budget Group Announces Amendment and Extension of Its Senior Credit Agreement
PARSIPPANY, N.J., Feb. 14, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it has extended the term of its $1.8 billion senior revolving credit facility for an additional two years to 2023. Also, the Company extended the maturity of its $1.1 billion term loan for an additional three years to 2025, […]