Avis Budget Group
Avis Budget Group, Inc. (NASDAQ: CAR) operates Avis Rent A Car System, LLC (Avis), Budget Rent A Car System, Inc. (Budget) and Budget Truck Rental, LLC (Budget Truck). Avis is a leading supplier to the premium commercial and leisure segments of the travel industry, and Budget is a leading supplier to price-conscious car rental segments.
As of 2011, Avis Budget is the leading general-use vehicle rental company in North America, Australia and New Zealand.[1] The company's headquarters are located in Parsippany, New Jersey.
[edit] History
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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.[citation needed] 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).[2]
Beginning in 2010 (and still ongoing as of May 2011),[dated info] Avis Budget and Hertz Global Holdings engaged in a bidding war, competing to acquire Dollar Thrifty Automotive Group.[3]
[edit] References
- ^ "Avis Beats on Better Travel Trends". Zacks Investment Research. May 4, 2011. http://www.zacks.com/stock/news/52607/Avis+Beats+on+Better+Travel+Trends. Retrieved 2011-05-14.
- ^ "Avis Budget Group Plans to Put Interoperable Toll Transponders on the Road". RFID Journal. December 23, 2008. http://www.rfidjournal.com/article/print/4525. Retrieved 2011-05-14.
- ^ "Car rental battle continues". Beloit Daily News. May 10, 2011. http://www.beloitdailynews.com/articles/2011/05/13/business/business_news/bus1003.txt. Retrieved 2011-05-14.
[edit] External links
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