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The 2011 award honors Avis Budget Group for providing great synergy between the company's sales team and corporate travel managers, excellent customer service to Canada-based small and mid-sized businesses and the industry's first smoke-free car rental fleet.
Read More →Fitch believes the acquisition is a good and complementary strategic fit, strengthens the company's competitive position within the sector and adds diversity to the revenue stream. As well, Fitch does no longer thinks that the acquisition of Dollar Thrifty is a priority for ABG.
Read More →Purchase price is approximately $1 billion total. “While Avis Budget will continue to monitor the Dollar Thrifty situation, the Company's focus squarely will be on completing and integrating the significant acquisition of Avis Europe,” according to a press statement by the companies.
Read More →Concessions regarding a merger with Dollar Thrifty called “manageable.” Full FTC report has not yet been released.
Read More →Avis and Budget to become exclusive car rental partners for MGM Resorts’ M life loyalty program.
Read More →To help win regulatory approval, the German car rental firm is in talks to take some of the business from an Avis Budget/Dollar Thrifty merger, according to the New York Post.
Read More →Avis Budget Group reports net income of $7 million in the first quarter of 2011, compared with a year-earlier loss of $38 million. Revenue rose 7 percent to $1.24 billion. The company also released a statement on the potential Dollar Thrifty merger.
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On their fourth quarter and full-year 2010 earnings calls, the three public car rental companies look into the crystal ball on prepaid rentals, franchising, new remarketing channels, potential mergers and growth opportunities.
Read More →Hertz, Avis Budget, Dollar Thrifty and Zipcar will hold conference calls on April 27, May 4, May 5 and May 11 respectively.
Read More →Avis Budget Group and OPENLANE Inc. enhanced the remarketing website to allow dealers to search, bid and buy VIN-specific vehicles with full condition reports provided by AIM.
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