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Avis Purchase of Zipcar a Significant Move in the Changing World of Transportation
2013-01-04 04:41:06| AutomotiveDigest.com - Automotive Industry News
The changing landscape of transportation got more interesting in this new year with the announcement that rental car giant Avis is buying the largest car sharing company, Zipcar, for $491.2 million. Zipcar started up in 2000 and has seen slow growth in this niche industry where more major competitors have been entering in recent years. Zipcar now has 760,000 members and competes with car rental majors Hertz (Hertz On Demand) and Enterprise Holdings (Enterprise CarShare), along with a few major automakers; Ford Motor Co. announced a partnership last year that brought hundreds of Ford Focus models to campuses around the country....The Article Avis Purchase of Zipcar a Significant Move in the Changing World of Transportation appeared first on AIN Media.
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Category:Automotive