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,North America, Australia and New Zealand.
Avis Budget is the leading general-use vehicle rental company in
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.
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. 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).
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