car sharing

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Avis Buying Zipcar for $500M

Car-sharing company's stock has been rising

(Newser) - Car renting meets car sharing? Avis Budget Group has agreed to buy Zipcar for around $500 million, the Wall Street Journal reports. Avis will pay $12.25 per share, a 49% premium over Zipcar's closing price Monday. Zipcar's stock has risen in recent months as car sharing grows... More »

Hertz Muscles in on Zipcar's Car-Sharing Turf

Service, to launch in NYC and elsewhere, is most direct competition yet from a big player

(Newser) - Zipcar is about to get some competition, and it’s going to look familiar. Hertz is starting its own car-sharing business, which boldly apes Zipcar’s model, the Wall Street Journal reports. Customers of Connect by Hertz will be able to rent cars in New York, London, and Paris starting... More »

Car Sharing Firms to Merge

Zipcar and Flexcar to merge into 50-city, 5,000 car network

(Newser) - Car-sharing firms Zipcar and Flexcar will merge this week under the Zipcar brand, which has the largest network of the two. The firms, both 7 years old, rent cars by the hour, rolling gas, insurance, parking, and maintenance costs into a $7-$15 hourly rate and an annual membership fee. Cambridge-based... More »

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