Thursday, January 3, 2013

Zipcar-Avis Deal Marks Year of Car Sharing

Zipcar-Avis Deal Marks Year of Car Sharing:

The new year started off with a bang as car rental giant Avis Budget announced that it is acquiring Zipcar for $491 million in cash. This is likely the first of many big developments in a year that will see many privately owned cars taken off the streets and replaced by fewer shared rides. The rise of carshare programs in many urban centers, such as expansion in Paris's Autolib and new programs in Jiading, China and in Tel Aviv, Israel will make 2013 a historic year for vehicle sharing.

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