Avis is buying Zipcar for $491.2 million, expanding its offerings from traditional car rentals to car sharing services. Zipcar, which was founded in 2000, has more than 760,000 members. It went public in 2011.
While many city dwellers are familiar with companies like Zipcar, which allow customers to use cars on an occasional basis, if you own a car, you might think the trend has nothing to do with you. But you can get in on the car-sharing action yourself from the other side of the equation to earn some extra cash.
Summer vacation has hardly begun, and the chorus of "buy me, buy me" is already at full volume in homes across the country. And parents can only say no to so many of those requests. So which companies are gong to benefit from the school break? DailyFinance has a few ideas.
Expedia, the world's largest online travel agency, soon will be selling flights, hotel bookings and holiday packages in the world's fastest growing aviation and tourism market, thanks to an exclusive deal with AirAsia. Trefis takes a look at what the deal will mean for both companies.
Hertz Global Holdings's says fourth-quarter profit exceeded the company's forecast as it improved the efficiency of its operations. Strong used-car prices probably don't hurt too.
Dollar Thrifty shareholders voted against a proposed acquisition from larger car-rental competitor Hertz, likely ending Hertz's five-month-long effort to acquire the company and indicating that a competing bid from Avis Budget Group may be gaining traction.
