Avis Budget Group, recently announced second quarter 2020 financial results, with a Net loss of USD481 million and an Adjusted net loss of USD388 million. Total Revenues were down 67 percent year-over-year.
Avis Budget Group recently announced that its board of directors has appointed Joe Ferraro, who has been serving as interim chief executive officer, as CEO, effective immediately.
As part of its mission to reinvent rental, Avis Budget Group announced an agreement with Ford Commercial Solutions to connect approximately 14,000 Ford Motor Company vehicles in Avis Budget Group’s European fleet.
Avis Budget Group announced a partnership with Otonomo, one of the leading automotive data services platform.
Avis Budget Group announced an agreement with Ford Commercial Solutions to connect more than 35,000 Ford Motor company vehicles in Avis Budget Group’s US fleet.
Avis Budget Group, announced it has acquired Turiscar Group a well established, family-owned, car rental company in Portugal.
Avis Budget Group surpassed the 100,000 connected car threshold globally, a milestone it says that promises to further improve the traveller experience, increase operational efficiencies for the company, and benefit smart city planning.
Avis Budget Group reported its revenue grew four percent to a record USD2.3 billion in its results for its second quarter (Q2) ended June 30.
Avis Budget Group announced a multi-year deal with Lyft, described as the fastest growing ride hailing company.