Avis Budget Group

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Avis Budget Group
Public
Traded as NASDAQ: CAR
Dow Jones Transportation Average Component
Industry Rental & leasing services
Founded 2006
Founder Henry Silverman
Headquarters Parsippany, New Jersey, United States
Key people
 Ronald L. Nelson
(Chairman, and CEO)[1]
Products Car rental
Revenue $8.5B (2014)[2]
$327M (2014)[2]
Total equity $771M
Number of employees
 30,000 [2]
Website www.avisbudgetgroup.com
Avis Budget Group

Avis Budget Group, Inc. is the American parent company of Avis Car Rental,[3] Budget Car Rental,[3] Budget Truck Rental, Payless Car Rental, Apex Car Rentals,[4] Maggiore Group[5] and Zipcar.[6] The company's headquarters are located in Parsippany-Troy Hills, New Jersey, United States.

As of 2011,[needs update] Avis Budget is the leading general-use vehicle rental company in North America, Australia and New Zealand.[7]

History

Lua error in package.lua at line 80: module 'strict' not found. Following the decision to dissolve the Cendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006.[8] At the end of 2008, Avis Budget became the first vehicle rental company to begin deployment RFID transponders in their fleet using a product from TransCore which includes an active RFID tag that can work with nearly all electronic toll collections systems in the United States, including E-ZPass in the Northeast, TxTag (Texas) and SunPass (Florida).[9]

On 14 March 2013 Avis Budget Group purchased Zipcar for about US$500 million in cash. Zipcar now operates as a subsidiary of Avis Budget Group. Scott Griffith, who had run the company for the previous 10 years, resigned the day after the acquisition closed, and passed the reins to a new company President, Mark Norman.[10]

On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [4][11]

On April 9, 2015, Avis Budget Group announced it had completed the acquisition of Maggiore Group, Italy's fourth-largest vehicle rental company.[5][12]

References

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External links



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  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ http://www.rttnews.com/1959974/avis-budget-group-to-acquire-apex-car-rentals-quick-facts.aspx
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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