Last week, the innovative car sharing company, Zipcar, announced its plans to acquire its Washington, DC-based rival, Flexcar. These two companies offer flexible, hourly car rentals that are designed for folks living in urban areas who don't have cars.The amount of the deal was not disclosed, but its strategic purpose is clear: to form a single, more competitive company that can compete with the big rental car companies that may seek to offer the same product.
Why did I put this on the blog? Lots of reasons. First, I work in the antitrust and transportation fields, so I find such things interesting, sadly. Second, Megan and other teammates use Flexcar to get to some games when they are not metro accessible. Let's hope that the merger's promise of creating more options for consumers means that Megan won't be late!
As we both know, Peter, I have rarely been late. And I am happy about the merger as I hope that means there will be more mini coopers available - love that car!
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True, you're rarely late. That's me!
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