Detroit Bureau on Twitter

Posts Tagged ‘ford zipcar’

Avis Buys Zipcar for Nearly $500 Mil

Further evidence of car-sharing boom.

by on Jan.02, 2013

Ford Chairman Bill Ford and Zipcar Chairman Scott Griffith with a Zipcar Ford Focus.

The car-share business has just gotten a big vote of confidence from rent-a-car giant Avis, which is buying Zipcar for $491.2 million.

The move is the biggest deal yet in the nascent market for alternatives to traditional automotive rental systems where users might seek a set of wheels for trip of as little as an hour. Founded in 2000, Zipcar is generally seen as the leader in the car-share market and now claims 760,000 members.

News You Can Share!

“By combining with Zipcar, we will significantly increase our growth potential, both in the United States and internationally, and will position our company to better serve a greater variety of consumer and commercial transportation needs,” Avis Chairman and CEO Ronald Nelson said in a statement accompany the Wednesday morning announcement.


Ford Teaming up with Zipcar

Partnership targets potential buyers on college campuses.

by on Aug.31, 2011

Ford Chairman Bill Ford and Zipcar Chairman Scott Griffith with a Zipcar Ford Focus.

Ford Motor Co. is teaming up with car-share service Zipcar to put 1,000 Ford vehicles onto college campuses across the U.S.

The Zipcar service is designed to offer easy access for those who need a car for brief periods – such as commuters or college students who might need to run quick errands.

The company already has partnerships with a number of other manufacturers and is also pioneering the use of electric vehicles.  There are more than 600,000 registered users who already have access to a fleet of 9,000 vehicles. But the alliance with Ford will become Zipcar’s biggest partnership yet.

Stay in the Know!

Initially, Zipcar will field 650 Fords, including the Focus compact and the Escape crossover.  Ultimately, as many as 1,000 Ford will go into service during the two-year pilot.  The Detroit maker is sponsoring a special reduced-rate program for students – and sees the alliance as a way to reach young buyers who traditionally haven’t had Ford on their radar, says CEO Bill Ford, Jr.