Avis Budget Group





































































Avis Budget Group, Inc
Type
 Public
Traded as
NASDAQ: CAR
DJTA Component
S&P 400 Component
Industry
Rental & leasing services
Founded 2006
Founder
Henry Silverman, Warren Avis, Julius Lederer
Headquarters
Parsippany, New Jersey, United States
Key people

  • Larry D. De Shon

  • (Director & CEO)[1]

  • David B. Wyshner

  • (President & CFO)[1]
Products Car rental
Revenue IncreaseUS$ 8.66 billion (2016)[1]
Operating income
 DecreaseUS$ 509 million (2016)[1]
Net income
 DecreaseUS$ 163 million (2016)[1]
Total assets IncreaseUS$ 17.64 billion (2016)[1]
Total equity DecreaseUS$ 221 million (2016)[1]
Number of employees
 26,300 [2] (2017)
Website www.avisbudgetgroup.com



Avis Budget Group


Avis Budget Group, Inc. is the American parent company of Avis Car Rental,[3]Budget Car Rental,[3]Budget Truck Rental, Payless Car Rental, Apex Car Rentals,[4] Maggiore Group[5] and Zipcar.[6] The company's headquarters are located in Parsippany, New Jersey, United States.


As of 2011,[needs update] Avis Budget is the leading general-use vehicle rental company in North America, Australia and New Zealand.[7]




Contents






  • 1 History


  • 2 References


  • 3 In popular culture


  • 4 External links





History


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.[8] 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 United States, including E-ZPass in the Northeast, TxTag (Texas) and SunPass (Florida).[9]


On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [4][10]


On 14 March 2013 Avis Budget Group purchased Zipcar for about US$500 million in cash. Zipcar now operates as a subsidiary of Avis Budget Group. Scott Griffith, who had run the company for the previous 10 years, resigned the day after the acquisition closed, and passed the reins to a new company President, Mark Norman.[11]


On April 9, 2015, Avis Budget Group announced it had completed the acquisition of Maggiore Group, Italy's fourth-largest vehicle rental company.[5][12]



References





  1. ^ abcdefg "US SEC: Form 10-K Avis Budget Group". United States Securities and Exchange Commission. Missing or empty |url= (help); |access-date= requires |url= (help).mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ "Avis Budget Group". Fortune. Retrieved 2018-12-07.


  3. ^ ab "Avis Car Rental and Budget Car Rental Recognized Among Top 50 'Green' Brands". avisbudgetgroup.com.


  4. ^ ab "Avis Budget Group Announces Agreement to Acquire Apex Car Rentals of New Zealand". avisbudgetgroup.com.


  5. ^ ab "Avis Budget Group Completes Acquisition of Maggiore Group". avisbudgetgroup.com.


  6. ^ "Avis Budget to buy Zipcar for $500 mln". Reuters. Retrieved 2 January 2013.


  7. ^ "Avis Beats on Better Travel Trends". Zacks Investment Research. May 4, 2011. Retrieved 2011-05-14.


  8. ^ "Cendant to become Avis. Budget". Pacific Business News. August 29, 2006. Retrieved 18 August 2012.


  9. ^ "Avis Budget Group Plans to Put Interoperable Toll Transponders on the Road". RFID Journal. December 23, 2008. Retrieved 2011-05-14.


  10. ^ "Archived copy". Archived from the original on 2015-05-18. Retrieved 2015-05-09.CS1 maint: Archived copy as title (link)


  11. ^ Rebecca Greenfield (2013-03-15). "Uh Oh, ZipCar's CEO Stepped Down Right After Its Merger with Avis". theatlanticwire.com.


  12. ^ Emily Bader (9 April 2015). "Avis completes $160M acquisition of Italian vehicle rental business". NJBIZ.




In popular culture


In the Seth MacFarlane's TV series The Orville, Avis is referenced as a Car Rental Company as well as the God of an alien species called The Krill.



External links



  • Official website


    • Business data for Avis Budget Group: Google Finance

    • Yahoo! Finance

    • Reuters

    • SEC filings














-

Popular posts from this blog

Bressuire

Image
Subprefecture and commune in Nouvelle-Aquitaine, France Bressuire Subprefecture and commune Chateau de Bressuire and the Eglise Notre-Dame Coat of arms Location of Bressuire Bressuire Show map of France Bressuire Show map of Nouvelle-Aquitaine Coordinates: 46°50′27″N 0°29′14″W  /  46.8408°N 0.4872°W  / 46.8408; -0.4872 Coordinates: 46°50′27″N 0°29′14″W  /  46.8408°N 0.4872°W  / 46.8408; -0.4872 Country France Region Nouvelle-Aquitaine Department Deux-Sèvres Arrondissement Bressuire Canton Bressuire Government  • Mayor .mw-parser-output .nobold{font-weight:normal} (2014–20) Jean Michel Bernier Area 1 180.59 km 2 (69.73 sq mi) Population (2014) 2 19,300  • Density 110/km 2 (280/sq mi) Time zone UTC+01:00 (CET)  • Summer (DST) UTC+02:00 (CEST) INSEE/Postal code 79049 /79300 Elevation 98–236 m (322–774 ft) (avg. 173 m or 568 ft) 1 French Land Register data, which exclude...
Read more

Vorschmack

Image
Vorschmack Ukrainian Jewish-style vorschmack served on rye bread Course Hors d'oeuvre Region or state Eastern Europe Associated national cuisine Ashkenazi Jewish, Finnish, German, Ukrainian, Polish, Russian Main ingredients Ground meat and/or fish Cookbook: Vorschmack   Media: Vorschmack Vorschmack or forshmak (Yiddish: פֿאָרשמאַק ‎, from archaic German Vorschmack , "foretaste" [1] or "appetizer" [2] ) is an originally East European dish made of salty minced fish or meat. Different variants of this dish are especially common in Ashkenazi Jewish and Finnish cuisine. Some varieties are also known in Russian and Polish cuisine. Contents 1 In Jewish cuisine 2 In Russian cuisine 3 In Polish cuisine 4 In Finnish cuisine 5 See also 6 References In Jewish cuisine According to Gil Marks, the German name points to the possible Germanic origin of this dish. [1] William Pokhlyobkin descr...
Read more

Quarantine

Image
For other uses, see Quarantine (disambiguation). Signal flag "Lima" called the "Yellow Jack" which when flown in harbor means ship is under quarantine. A simple yellow flag (also called the "Yellow Jack") had historically been used to signal quarantine (it stands for Q among signal flags), but now indicates the opposite, as a signal of a ship free of disease that requests boarding and inspection. A quarantine is used to separate and restrict the movement of people; it is 'a restraint upon the activities or communication of persons or the transport of goods designed to prevent the spread of disease or pests', for a certain period of time. [1] This is often used in connection to disease and illness, such as those who may possibly have been exposed to a communicable disease. [2] The term is often erroneously used to mean medical isolation, which is "to separate ill persons who have a communicable disease from those who are healthy...
Read more