Press Releases

Company's Drive for Process Improvement is Ongoing...

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PARSIPPANY, N.J., March 4, 2013 (GLOBE NEWSWIRE) -- Avis Car Rental today announced its 10 th anniversary in the People's Republic of China. Established in 2003 as a joint venture with Shanghai Automotive Industry Corporation, one of the largest car manufacturers in China, Avis China was the first...

PARSIPPANY, N.J., Feb. 27, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that the Company has recognized more than 1,000 Customer Experience Owners (C.E.O.s). Introduced in North America in 2011, the C.E.O. program highlights the achievements of team members who have...

PARSIPPANY, N.J., Feb. 25, 2013 (GLOBE NEWSWIRE) -- Avis Car Rental today announced that Avis Preferred ® Select & Go , the Company's vehicle selection service, is now available in Toronto. With Select & Go, Avis Preferred members can (1) keep and drive away in their pre-assigned rental vehicle;...

PARSIPPANY, N.J., Feb. 21, 2013 (GLOBE NEWSWIRE) -- Over the past year, Budget Car Rental has been celebrating 50 years in Canada. As the grand finale of its "Drive Away a Winner Event," Budget presented one lucky customer with 50,000 AIR MILES ® reward miles....

PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., Feb. 19, 2013 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Brian Gay has been voted the January 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...

Weighted Average Interest Rate of 2.0% Represents the Lowest Cost for Five-Year, Fixed-Rate ABS Debt in the Company's History...

For the year, revenue grew to $7.4 billion, a 25% increase from 2011. Adjusted EBITDA increased 38% to $840 million in 2012, excluding certain items, the highest level in the Company's history. Full-year pretax income was $463 million, excluding certain items, and $300 million on a reported basis....