(Photo by Mario Tama/Getty Images)
BOSTON (CBS) ? Cambridge based Zipcar has just exercised an option to buy a majority stake in Avancar, a car sharing service based in Barcelona, Spain.
That?s a big step to moving into Europe.
Zipcar already has a hold in the United Kingdom, but no Zipcars are yet operating on the continent itself.
The deal is expected to go through early next year and could be a step in that direction.
HOLIDAY TRAVEL
Closer to home, you might have a lot of company on the roads this season.
AAA is estimating 91.9 million Americans will travel at least 50 miles from home over the holidays.
That?s up 1.4-percent from last year and they say most people will drive to their destinations.
Only 6-percent plan to fly.
AAA says this is a positive sign that the economy is coming back to life.
Watch Lisa?s report:
Lisa van der Pool of the?Boston Business Journal?can be seen weekdays at 6 a.m. on WBZ-TV.
Source: http://boston.cbslocal.com/2011/12/15/business-headlines-zipcars-big-move-holiday-travel-up/
lord monckton andy kaufman october 21 2011 ohio ohio john beck john beck
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