Avis to Acquire Car-Sharing Service Zipcar for $491 Million

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A Bayerische Motoren Werke AG Mini Cooper Zipcar Inc. vehicle sits... News PhotoBMW,Business,Car,Car Rental,Commercial Activity,Finance,Horizontal,Land Vehicle,Mergers and Acquisitions,Mini,Mode of Transport,North America,Sitting,Stationary,The Americas,Transportation,USA,Washington DCPhotographer Collection: Bloomberg 2012 BloombergA Bayerische Motoren Werke AG (BMW) Mini Cooper Zipcar Inc. vehicle sits parked in one of the company's spaces in Washington, D.C., U.S., on Wednesday, Jan. 2, 2013. Avis Budget Group Inc., once a skeptic about car sharing services, agreed to buy short-term rental pioneer Zipcar for $491 million, signaling a shift in the industry to embracing drivers who don’t want to own cars. Photographer: Andrew Harrer/Bloomberg via Getty Images