Car-sharing firm Zipcar plans to cease operations in UK

Reuters12-02

Dec 1 (Reuters) - American car-sharing firm Zipcar, a subsidiary of Avis Budget Group CAR.O, said on Monday it plans to cease its operations in the United Kingdom and suspend any new bookings beyond the end of the year.

The company added that it is awaiting timing on the closure of its operations, pending the outcome of formal consultation with its UK employees.

No specific reason was provided for proposing to close its UK operations.

Zipcar offers car rental services across Europe and North America for students and businesses, with over one million members. It was acquired by Avis Budget Group in 2013 for about $500 million.

(Reporting by Unnamalai L in Bengaluru; Editing by Shreya Biswas)

((Unnamalai.L@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2588797772?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-02 02:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2588797772","market":"nz","top_or_hot":-1,"title":"Car-sharing firm Zipcar plans to cease operations in UK","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Car-sharing firm Zipcar plans to cease operations in UK</title></head><body><p><span>Dec 1 (Reuters)</span><span> - </span>American car-sharing firm Zipcar, a subsidiary of Avis Budget Group <span>CAR.O</span>, said on Monday it plans to cease its operations in the United Kingdom and suspend any new bookings beyond the end of the year.</p><p>The company added that it is awaiting timing on the closure of its operations, pending the outcome of formal consultation with its UK employees.</p><p>No specific reason was provided for proposing to close its UK operations.</p><p>Zipcar offers car rental services across Europe and North America for students and businesses, with over one million members. It was acquired by Avis Budget Group in 2013 for about $500 million.</p><p> (Reporting by Unnamalai L in Bengaluru; Editing by Shreya Biswas)</p><p> ((Unnamalai.L@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Car-sharing firm Zipcar plans to cease operations in UK</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCar-sharing firm Zipcar plans to cease operations in UK\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-02 02:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Car-sharing firm Zipcar plans to cease operations in UK</title></head><body><p><span>Dec 1 (Reuters)</span><span> - </span>American car-sharing firm Zipcar, a subsidiary of Avis Budget Group <span>CAR.O</span>, said on Monday it plans to cease its operations in the United Kingdom and suspend any new bookings beyond the end of the year.</p><p>The company added that it is awaiting timing on the closure of its operations, pending the outcome of formal consultation with its UK employees.</p><p>No specific reason was provided for proposing to close its UK operations.</p><p>Zipcar offers car rental services across Europe and North America for students and businesses, with over one million members. It was acquired by Avis Budget Group in 2013 for about $500 million.</p><p> (Reporting by Unnamalai L in Bengaluru; Editing by Shreya Biswas)</p><p> ((Unnamalai.L@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4230","symbol_name":"旅客陆运","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251201:nL6N3X70TU:1","article_id":"2588797772","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588797772","pubTimestamp":1764612507,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Car-sharing firm Zipcar plans to cease operations in UKDec 1  - American car-sharing firm Zipcar, a subsidiary of Avis Budget Group CAR.O, said on Monday it plans to cease its operations in the United Kingdom and suspend any new bookings beyond the end of the year.The company added that it is awaiting timing on the closure of its operations, pending the outcome of formal consultation with its UK employees.No specific reason was provided for proposing to close its UK operations.Zipcar offers car rental services across Europe and North America for students and businesses, with over one million members. It was acquired by Avis Budget Group in 2013 for about $500 million.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4230":"旅客陆运","BK4022":"陆运","CAR":"安飞士"},"translate_title":"汽车共享公司Zipcar计划停止在英国的运营","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAR":0.9},"content_text":"Car-sharing firm Zipcar plans to cease operations in UKDec 1 (Reuters) - American car-sharing firm Zipcar, a subsidiary of Avis Budget Group CAR.O, said on Monday it plans to cease its operations in the United Kingdom and suspend any new bookings beyond the end of the year.The company added that it is awaiting timing on the closure of its operations, pending the outcome of formal consultation with its UK employees.No specific reason was provided for proposing to close its UK operations.Zipcar offers car rental services across Europe and North America for students and businesses, with over one million members. It was acquired by Avis Budget Group in 2013 for about $500 million. (Reporting by Unnamalai L in Bengaluru; Editing by Shreya Biswas) ((Unnamalai.L@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588797772","isCrawlerRequest":true}