Press Releases

PARSIPPANY, N.J., July 13, 2017 (GLOBE NEWSWIRE) -- Avis Car Rental has made it faster and easier for members of Avis Preferred, the Company's express rental/loyalty program, to redeem rewards. Now, Avis Preferred Points can be used for rental days starting at just 700 points with no blackout...

PARSIPPANY, N.J., July 06, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) is celebrating the 20 th anniversary of Unlimited Rewards ® , the Company's loyalty program for travel professionals. Since its creation in 1997 as the first rental car program designed specifically for travel...

Collaboration Reinforces Avis Budget Group's Position as Mobility Leader...

PARSIPPANY, N.J., June 12, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced that it has teamed up with RocketSpace, a leading technology campus for start-ups and corporate innovators, to identify market opportunities and fuel cross-industry innovation....

The Taipei launch marks the first city launch for Zipcar in Asia as the world's largest car sharing network extends its international footprint New service gives residents of Taipei on-demand access to a choice of cars when they need it without the cost and hassle of ownership TAIPEI, Taiwan, June...

PARSIPPANY, N.J., June 05, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced that the Association of Corporate Counsel (ACC) has named the Company a 2017 ACC Value Champion. Avis Budget Group's Legal Department earned the accolade for its Legal Transformation Program,...

PARSIPPANY, N.J., May 22, 2017 (GLOBE NEWSWIRE) -- In an industry first, Avis Car Rental is spearheading a transformation of its fleet in support of its commitment to provide mobility solutions to customers. This initiative will result in 50,000 more vehicles becoming fully connected cars by early...

PARSIPPANY, N.J., May 12, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced the resignation of David B. Wyshner, President and Chief Financial Officer. Mr. Wyshner, who has served as the Company's chief financial officer since 2006 and its president since January 2016,...

Revenue declined 2% in the first quarter, to $1.8 billion. Net loss was $107 million and Adjusted EBITDA loss was $27 million. Diluted loss per share was $1.25, and adjusted diluted loss per share was $0.94. Company updates its 2017 Adjusted EBITDA and adjusted earnings per share estimates....