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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.
Take this for what it is, a rumor about which General Motors and DaimlerChrysler have refused to comment. According to a report today in German magazine Manager Magazin, DaimlerChrysler is in talks to sell its Chrysler Group division to GM. The magazine cites sources within DaimlerChrysler as saying that talks are in full swing but at an early stage. Dieter Zietsche, CEO of DaimlerChrysler, refused to comment on the report when asked at this morning's press conference where the company's Recover