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In November 2002 Budget sold its truck and car businesses to Cherokee Acquisition Corporation, which is owned by Cendant Corporation. [5] In September 2006 Budget Rent a Car, Avis Rent a Car, and Budget Truck Rental were spun off by Cendant as a separate company, Avis Budget Group. In 2007, its headquarters was transferred to Morris County, New ...
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 ...
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.
Along with Budget Rent a Car, Budget Truck Rental and Zipcar, Avis is a unit of Avis Budget Group. [4] Avis Budget Group operates the Avis brand in North America, South America, Europe, India, Australia, New Zealand, and South Africa. In 2011, Avis acquired Avis Europe plc, [5] which had been a separate corporation licensing the Avis brand.
Zipcar vehicles report their positions to a control center using in-car technology. [26] In the U.S., each reservation entitles members up to 180 miles (290 km) for a 24-hour period and then $0.45 per mile beyond 180 miles ($0.55 per mile for premium vehicles and cargo van rentals) will be charged within the 24 hour period.
A Ryder truck was used in the Oklahoma City Bombing on April 19, 1995. [10] In 1996, Ryder decided to focus on commercial truck rental and leasing, and exited the "one-way" consumer truck rental business; which was purchased by equity firm Questor Partners Fund LP, who later sold it to Budget Truck Rental in June 1998. [11] [12]
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