Press Releases

• Revenue increased 9% compared with second quarter 2010.
• Adjusted EBITDA increased 95%, excluding certain items.
• Net income doubled to $52 million compared with second quarter 2010.

Avis Budget Group Updates Plans for Financing the Acquisition...

PARSIPPANY, N.J., July 28, 2011 (GLOBE NEWSWIRE) -- Avis Rent A Car has released a mobile application for Microsoft Windows Phone 7 smartphones that allows travelers to make real-time reservations for rentals at Avis neighborhood and airport locations throughout the United States and Canada....

Conference Call to Discuss Results Scheduled for August 4, 2011...

PARSIPPANY, N.J., July 18, 2011 (GLOBE NEWSWIRE) -- Avis Rent A Car today announced the addition of the Chevrolet Camaro Convertible to its 'Cool Car' collection of fun-to-drive vehicles. Renters can choose from the Camaro SS with a 400-horsepower 6.2-liter V8 engine, or the Camaro LT which...

PARSIPPANY, N.J., July 14, 2011 – Avis Rent A Car is proud to announce a new multi-year relationship with the world’s fifth ranked golfer, Steve Stricker, who will begin representing the brand at the 2011 Open Championship (commonly referred to as the “British Open”) at the storied Royal St....

PARSIPPANY, N.J. and VANCOUVER, B.C., June 16, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq: CAR ) today announced that it has been selected as the "Best Corporate Car Rental Company" by Corporate Traveller, Flight Centre Limited's division of travel experts serving small and...

• Purchase price of 3.15 pounds Sterling per share in cash, or approximately $1.0 billion in total.
• Majority shareholder of Avis Europe has committed to support the transaction.
• Acquisition unifies Avis and Budget brands globally under single corporate ownership.
• Acquisition expected to be accretive on a non-GAAP adjusted EPS basis, with significant operating synergies expected.

Summer is Peak Season for Home Moving, So Plan Ahead!...