SOURCE: Avis Budget Group, Inc.

January 27, 2010 13:19 ET

Avis Budget Group Announces Removal of Recalled Toyotas From U.S., Canada and Puerto Rico Rental Fleet

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 web sites:

    "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 leading general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions based on published airport statistics. Avis Budget Group is headquartered in Parsippany, N.J. and has approximately 24,000 employees. For more information about Avis Budget Group, visit www.avisbudgetgroup.com.