Press Releases

• 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!...

PARSIPPANY, N.J., May 31, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq: CAR ), a leading provider of vehicle rental services, today announced that Executive Vice President and Chief Financial Officer David B. Wyshner will present at the Goldman Sachs Lodging, Gaming, Restaurant and...

PARSIPPANY, N.J., May 12, 2011 (GLOBE NEWSWIRE) -- Avis Rent A Car has been selected by Texas Instruments (TI) as a 2010 Supplier Excellence Award recipient in recognition of the Company's dedication and commitment to supplying products and services that meet TI's high standard for...

Avis and Budget to Become Exclusive Car Rental Partners for MGM Resorts' M life Members...

Transaction Extends the Maturity Date of Its Corporate Revolving Credit Facility to 2016 and Reduces Borrowing Spreads...

• Revenue increased 7% compared with first quarter 2010.
• Adjusted EBITDA more than doubled and margins expanded 330 basis points, excluding certain items.
• Net income was $7 million compared with a loss in first quarter 2010.

PARSIPPANY, N.J., April 25, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, parent company of Avis Rent A Car and Budget Rent A Car, today announced that Avis and Budget customers have added where2 ® , the Company's GPS navigation device, to more than five million rentals since 2006....

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