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Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. [2] Budget is a subsidiary of the Avis Budget Group , with its operations headquartered in Parsippany , New Jersey.
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]
In the 1950s, Lederer was president of the Autopoint Company in Chicago, Illinois and in 1960, he joined Morris Mirkin, who founded Budget Rent a Car company in 1958. The pair incorporated as Budget Rent a Car Corporation in 1960. Budget Rent a Car is now a unit of Avis Budget Group.
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.
Belzberg was the chairman of Budget Rent a Car Corp from approximately 1968 to 1989. In 1965, he became Budget's first franchisee in Canada, before joining Budget's Canadian operation. In 1969, he moved to Chicago. [2] After leaving Budget in 1989, Belzberg acquired shares in the Minnesota North Stars. In 1991, he acquired 50 percent of the ...
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