Press Releases

Company Also Announces Closing of Offering of $500 Million of 5.50% Senior Notes due 2023...

New Program Provides Businesses with On-Demand Access to Vehicles and Office Space...

PARSIPPANY, N.J., April 1, 2013 (GLOBE NEWSWIRE) -- Avis Car Rental, the first international car rental company to operate in Taiwan, today announced that it has expanded its footprint on the island. Through a new partnership with Taiwan High Speed Rail (THSR), Avis will provide access to rental...

Zipcar Placing Vehicles at Newark Liberty, LaGuardia and John F. Kennedy Airports...

PARSIPPANY, N.J., March 19, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) (the "Company") announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (collectively, the "Issuers"), have commenced cash tender offers (the "Offers") to...

PARSIPPANY, N.J. and CAMBRIDGE, Mass., March 14, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has completed its previously announced acquisition of Zipcar, Inc., the world's leading car sharing network. About Avis Budget Group, Inc. Avis Budget Group, Inc....

PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., March 13, 2013 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Brandt Snedeker has been voted the February 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...

PARSIPPANY, N.J., March 11, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has entered into a three-year, €500 million (approximately $650 million) European rental fleet securitization program, providing the Company's subsidiaries in Germany, Italy and Spain...

Merger Transaction Expected to Close During Week of March 11...