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With the expansion of Avis Budget Group’s consumer car sales program, residents of Maryland and Virginia can now test-drive and purchase late-model Avis and Budget vehicles at competitive prices.
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Avis Budget Group and Rugby Canada have announced a new multi-year partnership designating Avis Car Rental, Budget Car Rental and Budget Truck Rental as official partners for the national sport organization.
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Avis Budget Group Inc. has agreed to purchase the Maggiore Group, one of Italy's largest independent car rental companies, for approximately $170 million. The Maggiore Group operates more than 140 locations throughout Italy.
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Avis Budget Group has reported an increase in revenue year-over-year for both fourth quarter 2014 as well as the full-year 2014: $1.9 billion and $8.5 billion, respectively. In 2014, Avis had its highest total adjusted EBITA in company history at $876 million.
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Avis Budget Group has signed an agreement with Barloworld Ltd, which operates the Avis Car Rental brand, to also operate the Budget car rental brand in southern Africa, including Swaziland, Zimbabwe and South Africa.
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Avis Budget Group's Gerard Insall has been named executive vice president and chief information officer (CIO) and Ned Linnen has been appointed executive vice president and chief human resources officer (CHRO).
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Avis Budget Group Inc. plans to report its fourth quarter and full-year 2014 results after market close on Wednesday Feb. 18.
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Avis Budget Group has announced that three vehicles in its Canadian 2015 model-year fleet (2015 Volkswagen Golf, 2015 Hyundai Sonata and the 2015 Hyundai Genesis) have been named as “Best Cars of the Year” by the Automobile Journalists Association of Canada.
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Avis Budget Group has agreed to acquire its licensee for the Avis and Budget brands in Norway, Sweden and Denmark for approximately $50 million.
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In 2014, the Avis Budget Group Charitable Foundation matched funds raised by Avis Budget Group employees to benefit the American Cancer Society, the ALS Association and the Wounded Warrior Project.
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