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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.
Avis Budget Group, Inc. is an American car rental agency holding company headquartered in Parsippany, New Jersey. It is the parent company of several brands including Avis Car Rental , [ 3 ] Budget Rent a Car , [ 4 ] Budget Truck Rental , Payless Car Rental , and Zipcar .
Earlier Payless Car Rental logo. In 1971, John Les Netterstron opened the first Payless Car Rental location in Spokane, Washington. Under the direction of Netterstron, the company grew from a local car rental store to a franchise system with over 100 car rental offices throughout the United States. By 1987 the company acquired the U.S. portion ...
Avis Budget Group's (CAR) purchase of major car-sharing player Zipcar this week for $500 million validates the popularity and potential of the car-sharing industry. But though Zipcar controls 75 ...
Avis opened Avis Rent A Car at Willow Run Airport in Ypsilanti, Michigan and at Miami International Airport in Florida. [4] He sold the company in 1954 for $8 million. Avis established his business credentials by positioning himself as a capable negotiator between the major automotive companies and their union leaders and rank-and-file members.
Hertz Global Holdings, originally known as Rent-a-Car Inc., was founded by Chicago, Illinois native Walter L. Jacobs in 1918. [9] This small car rental operation began with a dozen Model T Ford cars. [10] [11] Within five years, Jacobs' fleet expanded to 600 vehicles—generating annual revenues of approximately US$1 million. [11]