пятница, 2 марта 2012 г.

Top Car-Sharing Services Join Forces

Zipcar is acquiring rival car-sharing service Flexcar in a bid to head off emerging competition from traditional rental car firms that have been adding outlets in urban neighborhoods.

Wednesday's deal, expected to close later this week, pairs the country's only by-the-hour car services with nationwide presences.

The privately held firms did not disclose financial terms of the deal, under which the Flexcar name and its systems for handling car reservations will end in favor of the Zipcar brand and technology, Zipcar Chief Executive Scott Griffith said.

Griffith will become CEO of the combined company, with Flexcar CEO Mark Norman assuming the roles of …

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