A Startup Car-Sharing Service Lets Auto Owners Make A Bunch Of Money

In early January, Avis Budget acquired the car-sharing service Zipcar for $500 million, although Zipcar had made just $4.7 million in profits in the past year. That may prove to be a smart move for Avis, but after testing out a new kind of car share, we're not sure. The biggest problem for Zipcar, Neal Gorenflo, the co-founder of Shareable Magazine, argued on TriplePundit, is the high cost of maintaining a national fleet of cars, including paying for parking and insurance. RelayRides, a startup ...