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In 2011, Avis Budget Group acquired Avis Europe, an independently owned company licensee, globally reuniting the Avis and Budget brands. [10] On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [11] On March 14, 2013, Avis Budget Group purchased carsharing company Zipcar for about US$500 million in cash. [12] [13]
The company was founded in 1946 with three cars at Willow Run Airport, [ 10] Ypsilanti, Michigan, by Warren Avis (August 4, 1915 – April 24, 2007). [ 8] It established branch operations across the United States over the next few years, becoming the second largest car rental company in the country by 1953. By its tenth anniversary in 1956 it ...
Hertz Global Holdings, Inc. (formerly The Hertz Corporation ), known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental and Thrifty Car Rental . It is one of the three big rental car holding companies in the United ...
New York, August 03, 2020 -- Moody's Investors Service, ("Moody's") assigned a B3 rating to Avis Budget Car Rental, LLC's (Avis) issuance of $350 million of senior unsecured notes.
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