Avis New Owner of Zipcar Inc.

Avis Budget Group Inc. has announced its finalization of the purchase of Zipcar Inc. Zipcar is a car-sharing network whose 775,000 members rent cars by the hour or day. Avis originally announced the purchase in January, 2013. Avis has over 10,000 rental locations worldwide. Zipcar’s fleet of vehicles is 11,000. Zipcar operates in metropolitan areas.

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Avis Completes Zipcar Purchase