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In a letter to employees, Scott Griffith said that Mark Norman, Zipcar's president and chief operating officer, will take his place as the company's CEO. The full letter is available in this story.
Read More →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.
Read More →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.
Read More →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.
Read More →Brian Harrington will lead Zipcar’s marketing organization out of the company's Cambridge, Mass. office
Read More →Zipcar’s millenials study surveyed more than 1,000 adults between ages 18 and 34 on their attitude toward car ownership, technology and transportation.
Read More →The Honda Fit EV battery electric vehicles (BEV) will be available to rent at Portland State University.
Read More →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.
Read More →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.
Read More →The companies currently expect Avis Budget Group's acquisition of Zipcar to be completed in March or April 2013.
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