Think of this as a rare occasion where a General Motors collaborator is providing Ford with a little cash. A GM partner, peer-to-peer car-sharing operator RelayRides, is buying competitor Wheelz for an undisclosed amount, GigaOM reports. It's a bit of a stretch, but Ford is connected to Wheelz.
The San Francisco Giants and the Los Angeles Dodgers may have one of sports' most heated rivalry, but at least one Bay Area company has no issues collaborating with some folks down south.
Could peer-to-peer car sharing be coming of age? The nascent business model got a huge shot in the arm today, in the form of $13.7 million of funding for Wheelz, a car sharing program based on college campuses. Zipcar, of course, is the 800-pound gorilla of the car sharing ecosystem, operating in three countries and boasting nearly 700,000 clients. Perhaps equally important is that among those bankrolling Wheelz is Fontinalis Partners, a Detroit-based investment firm founded by Bill Ford, Execut