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Avis Signs New Agreement with Investment Group

The terms of the new approximately two-year cooperation agreement include the appointment of Jagdeep Pahwa, a current board member and president of SRS, as vice chairman of the board.

Avis Posts Record Q4, FY19 Revenues

In the fourth quarter of 2019, Avis Budget Group posted record revenues on improved fleet costs, utilization. Full-year revenues increased to a record $9.2 billion.

Vehicles Remain Popular, But Ownership Need Weakens, Avis Says

According to a mobility report by Avis Budget Group, 82% of respondents said owning a car was still important, but 54% said they are prepared to give up car ownership and rely on long-term rental, on-demand, or subscription services in the future.