Press Releases

PARSIPPANY, N.J., Aug. 12, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that is has agreed to acquire a 50% ownership stake in its existing Brazilian licensee. This investment of approximately $50 million will enable the Company to significantly increase the...

PARSIPPANY, N.J., Aug. 8, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) has been honored by USAA, a leading financial services provider for military members and their families, for its support of the military community. Part of USAA's Supplier Recognition Program, the "Military...

Revenue increased 7% to $2.0 billion.   Pricing in North America increased 1% year-over-year.    Adjusted EBITDA was $179 million, excluding certain items.   Diluted earnings per share were $0.50, excluding certain items, on a GAAP net loss of $28 million....

Transaction Reduces Borrowing Spreads by 75 Basis Points...

PARSIPPANY, N.J., July 30, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR), a leading provider of vehicle rental services, today announced the appointment of Jeffrey H. Fox to its Board of Directors effective immediately. Mr. Fox fills a newly created seat and will serve for a term...

Contest Grand Prize is a BMW 320i...

Conference Call to Discuss Results Scheduled for August 7, 2013...

PARSIPPANY, N.J., July 22, 2013 (GLOBE NEWSWIRE) -- Avis Car Rental is celebrating its 20 th anniversary in the Republic of Lithuania. Established to meet the car rental needs of residents and international travelers, Avis Lithuania continues to be a trusted brand for both sets of customers and has...

PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., July 16, 2013 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Ken Duke has been voted the June PGA TOUR Player of the Month presented by Avis. As the official rental car company of the PGA TOUR, Avis will make a $50,000...