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The US car rental service designed for inner-city dwellers is planning a $75 million US stock market float.
Zipcar, which has been battling to achieve stead expansion since its inception a decade ago, hopes to raise $75 in the move, which was announced yesterday after the successful acquisition of the UK franchise Streetcar – which offers similar car-sharing and cost-savings plans. $5 million will be used to payback former Streetcar investors.
Zipcar can claim to be the pioneer of the US car sharing program, which sees members provided with daily or even hourly rates as part of the membership benefits. The program [...]

A deal is said to be close to being finalised between Emirates and the Sri Lankan government over a buy back of the 43.6 per cent stake the Dubai based carrier has in SriLankan Airlines. Emirates has been seeking a buyer for its share in the carrier ever since it ended its management contract in 2008 with the Colombo based airline.
Chairman of SriLankan Airlines, Nishanta Wickremesinghe, said that recent negotiations had been going well and that the final decisions now lay with the Sri Lankan government and Emirates. At a press conference last month, Emirates announced year end profits of [...]

Car hire firm, Avis India, has announced that it is about to roll out a new booking system for its leisure and corporate clients. The new CarPro software will make it easier to book vehicles through Avis anywhere in the world. It will also allow corporate customers to keep track of car usage.
Avis India’s chief [...]

Leading US car rental company Enterprise Holdings has announced a new companywide sustainability initiative.
On Thursday last week, Enterprise unveiled the new project which it claims will reduce both usage and costs by up to 20 per cent in the next five years. The 20/20 Vision program from Enterprise has already made a selected debut, with some markets used to trial the initiative, which will save up to $50 million in energy costs.
The parent company of popular car hire organisations National Car Rental, Enterprise Rent-A-Car and Alamo Rent A Car, Enterprise Holdings claimed that its outlay into energy-saving technology, combined with [...]