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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 .
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.
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.
[43] [44] In 2002, Cendant bought Budget Rent a Car out of bankruptcy for $110 million plus $2.8 billion in assumed debt. [45] The combination of Budget with Avis made Cendant the second-largest car rental company in the U.S. [45] In 2004, Cendant began a series of moves to simplify its business and focus on its core areas of real estate and ...
It is one of the three big rental car holding companies in the United States, holding a 36% market share, placing it ahead of Avis Budget Group and second to Enterprise Holdings. [2] As one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, Hertz operates in 160 countries in North America , Europe , Latin ...
Born in Bay City, Michigan, Avis graduated from Bay City Central High School in 1933. He served in the United States Army Air Forces during the World War II as a bombardier and became a captain. [1] [2] When he got out, he bought a stake in a Ford dealership and began his plan to rent cars at airports. He said that he got the idea when as a ...
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