Avis

Avis Budget Group Enters into New Cooperation Agreement with SRS Investment Management

Retrieved on: 
Monday, February 24, 2020
Franchises, Companies, Avis Budget Group, Budget Rent a Car, Avis, Parsippany-Troy Hills, New Jersey, SRS

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.

Key Points: 
  • 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 two-year cooperation agreement include the appointment of Jagdeep Pahwa, a current Board member and President of SRS, as Vice Chairman of the Board.
  • On behalf of the Board, I would like to thank our retiring directors for their many contributions to Avis Budget Group.
  • Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at avisbudgetgroup.com.

Avis Budget Group Appoints Bernardo Hees chairman of the Board of Directors

Retrieved on: 
Monday, February 10, 2020
Parsippany-Troy Hills, New Jersey, Franchises, Companies, Avis Budget Group, Budget Rent a Car, Avis

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 Companys Board of Directors (the Board) and named Independent Chairman of the Board and Chair of the Boards Executive Committee, effective immediately.

Key Points: 
  • 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 Companys Board of Directors (the Board) and named Independent Chairman of the Board and Chair of the Boards Executive Committee, effective immediately.
  • Lynn Krominga, Director and Governance Chair of the Avis Board, stated, We are extremely pleased to welcome Bernardo to the Board.
  • I am honored to serve as the next Chairman of Avis Budget Group, said Mr. Hees.
  • Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at avisbudgetgroup.com.

Avis Budget Group Named One of Canada’s Best Employers

Retrieved on: 
Wednesday, January 29, 2020
Parsippany-Troy Hills, New Jersey, Franchises, Companies, Avis Budget Group, Budget Rent a Car, Avis, Avis Car Rental

PARSIPPANY, N.J., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group has been named to the Forbes list of Canadas Best Employers 2020.

Key Points: 
  • PARSIPPANY, N.J., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group has been named to the Forbes list of Canadas Best Employers 2020.
  • Avis Budget Group was ranked fourth in the Travel and Leisure sector and the highest among car rental companies.
  • We are proud to see Avis Budget Group rank among Canadas best employers for another year and consider ourselves fortunate to work alongside some of the countrys finest talent.
  • Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at www.avisbudgetgroup.com .

Avis Budget Group Adopts Short-Term Shareholder Rights Plan to Protect the Company and its Shareholders

Retrieved on: 
Tuesday, January 28, 2020
Parsippany-Troy Hills, New Jersey, Franchises, Companies, Avis Budget Group, Avis, Budget Rent a Car, Shareholder, Avis Car Rental

The rights plan is intended to prevent SRS, the Companys largest shareholder, from obtaining effective control of Avis Budget Group without paying a control premium.

Key Points: 
  • The rights plan is intended to prevent SRS, the Companys largest shareholder, from obtaining effective control of Avis Budget Group without paying a control premium.
  • The rights plan is designed to ensure that all Avis Budget Group shareholders have a fair opportunity to vote on the future of the Company at the upcoming 2020 Annual Meeting of shareholders.
  • "Unfortunately, SRS has once again given us no choice but to adopt a rights plan to protect the interests of Avis Budget Group and its other shareholders, said Leonard S. Coleman, Chairman of the Committee and the Avis Budget Group Board.
  • Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at avisbudgetgroup.com.

Avis Budget Group to Announce Fourth Quarter 2019 Results on February 19th

Retrieved on: 
Thursday, January 23, 2020
Parsippany-Troy Hills, New Jersey, Franchises, Companies, Avis Budget Group, Budget Rent a Car, Avis

Conference Call to Discuss Results Scheduled for February 20th, 2020

Key Points: 
  • Conference Call to Discuss Results Scheduled for February 20th, 2020
    PARSIPPANY, N.J., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2019 results after the market close on Wednesday, February 19th, 2020, and to host a conference call for institutional investors to discuss these results and its full year 2020 outlook on Thursday, February 20th, 2020 at 8:30 a.m. Eastern time.
  • Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991.
  • Avis Budget Group operates most of its car rental offices in North America, Europe and Australasia directly, and operates primarily through licensees in other parts of the world.
  • Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at www.avisbudgetgroup.com .

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

Retrieved on: 
Thursday, January 23, 2020
Companies, Franchises, Parsippany-Troy Hills, New Jersey, Fiat, Avis, Fiat Chrysler Automobiles, Fiat Automobiles, Budget Rent a Car

The announcement comes as Avis Budget Group surpasses the 200k milestone of connected vehicles, globally

Key Points: 
  • The announcement comes as Avis Budget Group surpasses the 200k milestone of connected vehicles, globally
    BRACKNELL, United Kingdom, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc .
  • (NASDAQ: CAR) today announces a new agreement with Fiat Chrysler Automobiles (FCA) Group to connect more than 22,000 Fiat vehicles in Avis Budget Groups European fleet.
  • The partnership follows a recent announcement from Avis Budget Group as it surpassed the 200,000 connected car threshold globally.
  • Avis Budget Group undertakes no obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Avis Budget Group Provides Leadership Update

Retrieved on: 
Monday, December 30, 2019
Parsippany-Troy Hills, New Jersey, Franchises, Companies, Budget Rent a Car, Avis Budget Group, Avis, Avis Car Rental

Ms. Martins has been with Avis Budget Group for 15 years in a number of senior strategic and financial roles.

Key Points: 
  • Ms. Martins has been with Avis Budget Group for 15 years in a number of senior strategic and financial roles.
  • Mr. Coleman concluded: On behalf of the Board and everyone at Avis Budget Group, Id like once again to thank Larry for his many contributions and years of extraordinary leadership.
  • Until his appointment to the Interim CEO role, Mr. Ferraro served as President, Americas, for Avis Budget Group.
  • Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at avisbudgetgroup.com .

Avis Budget Group Surpasses 200,000 Connected Vehicle Mark

Retrieved on: 
Monday, December 16, 2019
Companies, Franchises, Avis Budget Group, Budget Rent a Car, Avis, Groupe PSA, Parsippany-Troy Hills, New Jersey, Toyota, Avis Car Rental, I.D. Systems

A fully connected fleet increases operational efficiency for Avis Budget Group by providing greater visibility into fleet usage and access to information in real-time.

Key Points: 
  • A fully connected fleet increases operational efficiency for Avis Budget Group by providing greater visibility into fleet usage and access to information in real-time.
  • In the past year, Avis Budget Group introduced new app features to improve the overall customer experience.
  • Avis Budget Group works directly with OEMs including Ford, Toyota, GM and Groupe PSA as well as third-party hardware companies including I.D.
  • Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at www.avisbudgetgroup.com .

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

Retrieved on: 
Tuesday, December 10, 2019
Parsippany-Troy Hills, New Jersey, Franchises, Companies, Avis Budget Group, Payless Car Rental, Budget Rent a Car, Avis, Car rental, Pay Less, Verizon Communications, Avis Car Rental

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 Rental customers.

Key Points: 
  • 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 Rental customers.
  • Were thrilled to be partnering with Verizon and Edison Interactive on the launch of this Travel Assistant, combining the best in car rental, connectivity, and digital technology to allow our customers to take their travel experience to the next level.
  • The partnership between Avis Budget Group, Verizon and Edison Interactive will prove to be incredibly valuable for rental car customers around the globe.
  • We are excited about working with Avis Budget Group and Edison and look forward to a partnership that will accelerate the transformation of how we travel.

Avis Named World’s Leading Car Rental Company at World Travel Awards 2019

Retrieved on: 
Tuesday, December 10, 2019
Parsippany-Troy Hills, New Jersey, Franchises, Companies, Avis Budget Group, Avis, Zipcar, Budget Rent a Car, Car rental, Pay Less, Avis Car Rental, Payless Car Rental

BRACKNELL, United Kingdom, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Leading car rental brand, Avis, has been named the worlds leading car rental company for the second year in a row at the World Travel Awards 2019 Grand Final.

Key Points: 
  • BRACKNELL, United Kingdom, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Leading car rental brand, Avis, has been named the worlds leading car rental company for the second year in a row at the World Travel Awards 2019 Grand Final.
  • The 26th annual World Travel Awards is globally recognized as a highly prestigious honours programme in global travel and tourism.
  • Keith Rankin, President, International, Avis Budget Group said: Were delighted to be named the worlds best car rental company.
  • Avis is owned by Avis Budget Group, Inc. (NASDAQ: CAR ), which is the parent company of Avis, Budget, Zipcar, Payless, Apex Car Rentals, France Cars, Maggiore, Morini Rent and Turiscar.