Car-sharing service Zipcar Inc. and some of its investors will sell 8.33 million shares of stock for $14 to $16 each in an initial public offering. Get the full story »
Inside these posts: Zipcar
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Chicago OKs contract for 280 car charging stations
A residential electric car charging station in Washington D.C. (Tim Sloan/AFP/Getty)
By the end of this year, Chicagoans will not only be able to purchase and drive electric vehicles, but also charge those vehicles in the time it takes to finish a cup of coffee.
The city of Chicago has awarded a $1.9 million contract to a California firm to install 280 electric vehicle charging stations in Chicago and surrounding suburbs by the end of 2011.
The contract — paid for with equal state and federal dollars though a grant from the American Recovery and Reinvestment Act — means the city has cleared a major hurdle on the road to widespread electric vehicle adoption. Get the full story »
Zipcar files for $75 million IPO
(Terrence Antonio James/Chicago Tribune)
Reuters | Zipcar Inc., a car-sharing service popular among college students
and city dwellers, filed for an initial public offering worth as much
as $75 million.
The company, founded nearly a decade ago, is a leader in so-called
car-sharing, a service that charges an annual membership and rents cars
at an hourly or daily rate. The service is successful in markets in
which car ownership is lower and parking is scarce and expensive, such
as urban areas and colleges.
