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Profits absent as Zipcar grows

If Zipcar were available in the city where I live, I'm pretty sure I'd be one of the first to sign up. And the realization that sharing a car is a good idea has struck a lot of people around the country. In fact, Zipcar's membership should hit 300,000 this year, an 80 percent increase compared to 2007 (Zipcar and its main rival Flexcar merged late last year). So why is the Zipcar not making any money? This is the question that BusinessWeek tries to answer in a new article on the car-sharing club and discovers that the numbers are not in ... Read more →

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