Avis to buy Zipcar
January 2nd, 2013
07:34 AM ET

Avis to buy Zipcar

You may have a few new options if you need to borrow a car for a weekend: Avis is acquiring Zipcar.

The price tag for the purchase is $500 million. But the traditional car rental company hopes it will be money well spent.

Because Zipcar currently doesn't have enough cars to satisfy customer demand on the weekend, Avis is hoping to step in and beef up the number of options for customers.

You can read more about the deal at CNNMoney.com.

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Filed under: Auto Industry
soundoff (4 Responses)
  1. LC B

    Ummm – perhaps I'm backwards these days (Sr years can do that to a person!) – but – it would be nice if this article informed the reader as to just what IS a 'zipcar'? Never heard of such, and the photo doesn't tell the story, either!

    January 2, 2013 at 5:35 pm | Report abuse |
  2. bobcat (in a hat)©

    I was wondering if it was a new take on a zipgun.

    January 3, 2013 at 12:06 am | Report abuse |
  3. Dave

    Zipcar is a self serve rental car company. You sign up before hand and can rent a car by reserving it online whenever it is needed. The keys are with the vehicle, you return it to a zipcar lot when u are done.

    January 5, 2013 at 11:52 am | Report abuse |
    • LC B

      Thanx Dave, for filling in the information gap in this article!

      January 8, 2013 at 12:21 pm | Report abuse |
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