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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.
Read More →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.
Read More →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.
Read More →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.
Read More →The London-based company allows car owners to rent out their vehicles for profit and car renters to borrow vehicles based in their local area. The peer-to-peer car rental service will initially be available in the Maida Vale area.
Read More →Through a partnership between GreenCar Hawaii and the Grand Hyatt Kauai, visitors will be able to rent hybrid SUVs directly from the hotel.
Read More →car2go N.A. LLC said it will publicly launch in May its car-sharing program in Austin and that it will extend its successful pilot partnership with the City of Austin for an additional six months.
Read More →New company touts the environmental benefits of car sharing.
Read More →After the Nissan LEAF is introduced to the Hertz fleet by early 2011, the rental company and Nissan plan to expand the electric vehicle into Connect by Hertz.
Read More →Enterprise Holdings announced that almost 8,000 of its approximately 35,000 recalled Toyota and Pontiac Vibe vehicles have had their accelerator pedals fixed and have been returned to service at its Alamo Rent A Car, Enterprise Rent-A-Car and National Car Rental locations in North America.
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