AVIS BUDGET GROUP PROVIDES UPDATE RELATED TO CORONAVIRUS
PARSIPPANY, N.J., March 23, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today provided the following business update related to the coronavirus. Joe Ferraro, Interim President and Chief Executive Officer, said, “Consistent with other integral components of the global travel industry, we are seeing significant impacts in our business around the world as […]
Avis Budget Group Enters into New Cooperation Agreement with SRS Investment Management
Board will Ultimately Be Comprised of Nine Directors, Including Three SRS Representatives PARSIPPANY, N.J., Feb. 24, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that it has entered into a new cooperation agreement with SRS Investment Management, LLC (“SRS”), the Company’s largest shareholder. The terms of the new approximately […]
Avis Budget Group Delivers Record Fourth Quarter Revenue Driven By Overperformance in the Americas
PARSIPPANY, N.J., Feb. 19, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today reported a record fourth quarter and results for the full year ended December 31, 2019, driven by the strong performance in the Americas. We are also providing our outlook for 2020. Fourth Quarter 2019 over Fourth Quarter 2018 Highlights: Revenues increased […]
Avis Budget Group Appoints Bernardo Hees chairman of the Board of Directors
PARSIPPANY, N.J., Feb. 10, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that Bernardo Hees has been appointed to the Company’s Board of Directors (the “Board”) and named Independent Chairman of the Board and Chair of the Board’s Executive Committee, effective immediately. Over the last 15 years, Mr. Hees […]
Avis Budget Group Named One of Canada’s Best Employers
Ranking recognizes employee satisfaction levels and likelihood to recommend their place of work PARSIPPANY, N.J., Jan. 29, 2020 (GLOBE NEWSWIRE) — Avis Budget Group has been named to the Forbes list of Canada’s Best Employers 2020. Developed in collaboration with analytics firm Statista, the 2020 ranking highlights 300 companies with operations in Canada. Avis Budget […]
Avis Budget Group Adopts Short-Term Shareholder Rights Plan to Protect the Company and its Shareholders
SRS Investment Management Refuses to Renew Cooperation Agreement on Acceptable Terms PARSIPPANY, N.J., Jan. 28, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that a committee (the “Committee”) of its Board of Directors that was formed to manage the Board’s engagement with SRS Investment Management (“SRS”) has unanimously approved the adoption […]
Avis Budget Group and Fiat Chrysler Automobiles Sign New Connected Car Agreement, Giving a More Streamlined, Self-Serve and On-Demand Rental Experience in Europe
Customers of Avis Budget Group renting FCA vehicles in Europe will soon find it easier to pick up and return their vehicles, allowing them to manage their entire rental experience digitally and enabling lock/unlock technology. More than 22,000 connected Fiat, Jeep, Alfa Romeo, Lancia cars and Fiat Professional LCV’s are projected to be added to […]
Avis Budget Group to Announce Fourth Quarter 2019 Results on February 19th
Conference Call to Discuss Results Scheduled for February 20th, 2020 PARSIPPANY, N.J., Jan. 23, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2019 results after the market close on Wednesday, February 19th, 2020, and to host a conference call for institutional investors to discuss these […]
Avis Budget Group Provides Leadership Update
Joe Ferraro Named Interim Chief Executive Officer PARSIPPANY, N.J., Dec. 30, 2019 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that its Board of Directors has appointed Joe Ferraro, President, Americas, as Interim Chief Executive Officer, effective January 1, 2020. Mr. Ferraro’s appointment reflects the previously announced departure at year-end of Larry […]
Avis Budget Group Surpasses 200,000 Connected Vehicle Mark
Connected fleet offers trifecta of benefits: operational efficiency, customer satisfaction and new revenue models PARSIPPANY, N.J., Dec. 16, 2019 (GLOBE NEWSWIRE) — Avis Budget Group announced today that it has surpassed the 200,000 connected car threshold globally, a significant marker on its journey to fully connecting its fleet of more than 600,000 vehicles. To date, […]