Tagged car sharing

China’s eHi Car Rental Signs $70 Million Investment Agreement With Goldman Sachs

September 1, 2010

Goldman Sachs and eHi Car Rental’s shareholders signed an investment agreement that will help eHi expand and promote ‘green’ car rental services in China.

A Few Thoughts on Better Utilization of Fleet Vehicles

By Chris Brown , July 2010

Technology is making possible peer-to-peer car sharing, “fleet sharing,” one-way rentals and getting more use out of pool vehicles.

Enterprise’s WeCar Car-Sharing Program Launches in Raleigh, N.C.

July 21, 2010

WeCar now operates customized car-sharing programs for corporate campuses, universities and municipal governments in 17 states.

Car-Sharing Company WhipCar Grows Fleet to Over 300 Cars

July 21, 2010

The U.K.-based peer-to-peer car-sharing service allows private car owners to rent out their vehicles to eligible drivers in their local area.

City of San Francisco Supplements Fleet with Car Sharing

July 14, 2010 in Green Fleet

The city of San Francisco's arrangement with City CarShare provides the city with a way to manage a smaller vehicle fleet, with lower purchase and maintenance costs, and reduced greenhouse gas emissions.

Zipcar Partners With City of Baltimore to Launch Car Sharing

June 30, 2010

Through the new partnership, 22 new Zipcars will be available to consumers in convenient locations across the city. Rates begin at $7 per hour and $66 per day, depending on the type of vehicle.

Zipcar Granted Graves Protection

June 16, 2010 in Legislative

A New York state judge rules that the use of a car in exchange for a fee appears little different from traditional rental companies, even though Zipcar’s marketing statements contrast it with those companies.

Zipcar’s Bumpy Road Ahead in the Car-Sharing Market

June 9, 2010

The car-sharing company posted a $5.3 million loss in the first quarter of 2010, which it said was driven by an increase in fleet and administrative expenses. The company also faces long-term debt of $26.9 million, but has access to another $10 million from which it can borrow.

Zipcar Files for IPO Worth up to $75 Million

June 2, 2010

The car-sharing company said it expects to use the net proceeds it receives from the initial public offering to pay down certain indebtedness, and the remaining net proceeds, if any, for general corporate purposes. The number of shares to be offered and the price range for the offering have not been determined.

New York City Proposes New Zoning Plan to Expand Car Sharing

May 26, 2010

Under the proposal, car-share vehicles will be permitted to locate in greater numbers in higher density neighborhoods and in public parking facilities where there are concentrations of existing and potential customers. The proposal would promote greener transportation option, reducing individual car ownership, congestion and pollution in keeping with the city’s PlaNYC commitment.

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