There are reports that the car share companies Zipcar and Flexcar will merge. Financial terms were not disclosed but it looks like Zipcar is absorbing the smaller Flexcar. The name of the merged company, which will have more than 5,000 vehicles and 180,000 subscribers in 48 cities, will be Zipcar. The news is expected to be made official by the weekend. We will have more as the story develops.
[Source: Washington Post, Seattle Times]

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