Press Releases

For the year, revenue grew to $7.4 billion, a 25% increase from 2011. Adjusted EBITDA increased 38% to $840 million in 2012, excluding certain items, the highest level in the Company's history. Full-year pretax income was $463 million, excluding certain items, and $300 million on a reported basis....

Weighted Average Interest Rate of 2.0% Represents the Lowest Cost for Five-Year, Fixed-Rate ABS Debt in the Company's History...

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...

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...

PARSIPPANY, N.J., Feb. 5, 2013 (GLOBE NEWSWIRE) -- The new year is underway and model-year 2013 vehicles are now available at Budget Car Rental locations throughout the United States and Canada. Budget has taken deliveries of new cars and SUVs from a variety of manufacturers, including Ford,...

Conference Call to Discuss Results Scheduled for February 14, 2013...

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...

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....

Combined company will be the global leader in car sharing and mobility solutions. Combination expected to produce $50-70 million in annual synergies. Transaction targeted to close in spring 2013. Avis Budget re-affirms its prior estimates of full-year 2012 results. PARSIPPANY, N.J....