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NewsMarch 14, 2013

Avis Budget Group Completes Acquisition of Zipcar

Zipcar adds its 775,000 members worldwide to Avis Budget Group's network of more than 10,000 rental locations available globally from Avis and Budget.

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NewsMarch 11, 2013

Avis Budget Group Completes Funding, UK Clearance for Zipcar Acquisition

After announcing the completion of $525 million in debt financing and receiving regulatory clearance in the UK, Avis and Zipcar expect to close the merger during the week of March 11.

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NewsMarch 7, 2013

Zipcar Stockholders Approve Acquisition by Avis Budget Group

Avis Budget Group and Zipcar announced on March 7 that Zipcar stockholders voted to approve the adoption of the merger agreement with Avis Budget Group.

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NewsMarch 4, 2013

Zipcar Survey Reveals Car Ownership Trends of Millennial Generation

Zipcar’s millenials study surveyed more than 1,000 adults between ages 18 and 34 on their attitude toward car ownership, technology and transportation.

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NewsMarch 4, 2013

Zipcar Appoints New Chief Marketing Officer, Executive VP

Brian Harrington will lead Zipcar’s marketing organization out of the company's Cambridge, Mass. office

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NewsMarch 1, 2013

Zipcar Expands Portland Fleet with Honda Fit EVs

The Honda Fit EV battery electric vehicles (BEV) will be available to rent at Portland State University.

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NewsFebruary 20, 2013

Zipcar Reports Net Income for 2012

For its 2012 full-year financial results, Zipcar reported a net income of nearly $14.7 million, compared to a net loss of $7.15 million in 2011.

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NewsFebruary 19, 2013

Avis Budget Reports Record 2012 Full-Year Results

Avis Budget Group reported a 25% increase in revenue compared to 2011 for a resulting $7.4 billion in revenue worldwide. The company said the increase is primarily due to the acquisition of Avis Europe in late 2011.

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NewsFebruary 13, 2013

Avis Budget Receives U.S. Antitrust Clearance for Zipcar Acquisition

The companies currently expect Avis Budget Group's acquisition of Zipcar to be completed in March or April 2013.

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NewsFebruary 11, 2013

Zipcar Turns Valentine’s Day into Valentine’s Week for Members

‘Zipcar Loves’ week includes free food, music, vacations and discounts for its members on the days leading up to and on Valentine’s Day, Feb. 14.

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