Avis Budget Group
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This article reads like a news release, or is otherwise written in an overly promotional tone. (August 2012) |
Avis Budget Group, Inc. (NASDAQ: CAR) is the parent company of Avis Rent a Car System, Budget Rent a Car and Budget Truck Rental. The company's headquarters are located in Parsippany, New Jersey, United States.
As of 2011,[dated info] Avis Budget is the leading general-use vehicle rental company in North America, Australia and New Zealand.[1]
It was announced January 2, 2013, that Avis Budget Group will purchase Zipcar for about $500 million dollars (US) in cash. Avis will complete the deal in the spring of 2013.[2]
History [edit]
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This section requires expansion. (May 2011) |
Following the decision to dissolve the Cendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006.[3] At the end of 2008, Avis Budget became the first vehicle rental company to begin deployment RFID transponders in their fleet using a product from TransCore which includes an active RFID tag that can work with nearly all electronic toll collections systems in the U.S., including E-ZPass in the Northeast, TxTag (Texas) and SunPass (Florida).[4]
References [edit]
- ^ "Avis Beats on Better Travel Trends". Zacks Investment Research. May 4, 2011. Retrieved 2011-05-14.
- ^ "Avis Budget to buy Zipcar for $500 mln". Reuters. Retrieved 2 January 2013.
- ^ "Cendant to become Avis Budget". Pacific Business News. August 29, 2006. Retrieved 18 August 2012.
- ^ "Avis Budget Group Plans to Put Interoperable Toll Transponders on the Road". RFID Journal. December 23, 2008. Retrieved 2011-05-14.
External links [edit]
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