SOURCE: Avis Budget Group, Inc.
January 27, 2010 13:19 ET
PARSIPPANY, NJ--(Marketwire - January 27, 2010) - Avis Budget Group, Inc. (NYSE: CAR) issued
the following statement to customers today via its Avis and Budget consumer
"The safety and peace of mind of our customers are a top priority for
Avis Budget Group. In light of the safety concerns being raised about
Toyota vehicles, we are taking the precaution of removing all of the
approximately 20,000 cars that Toyota has identified for recall from
our fleet in the United States, Canada and Puerto Rico effective
Wednesday, January 27, 2010.
It is important to note that the safety problems that have led to
Toyota's recall of certain vehicles are believed to arise out of usage
over time. Accordingly, we believe that all of the Toyotas in our
fleet are safe, given the regular maintenance and the low mileage of
our overall fleet, which we believe is the lowest of any major vehicle
rental company in the U.S.
We also want to reassure our customers that Toyotas represent only a
small percentage of our overall fleet, so we expect to be able to
fulfill all projected customer demand and customers can make
reservations with complete confidence for any rental occasion."
About Avis Budget Group, Inc.
Avis Budget Group is a leading provider of vehicle rental services, with
operations in more
than 70 countries. Through its Avis and Budget brands, the Company is a
vehicle rental company in each of North America, Australia, New Zealand and
regions based on published airport statistics. Avis Budget Group is
Parsippany, N.J. and has approximately 24,000 employees. For more
information about Avis
Budget Group, visit www.avisbudgetgroup.com.
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