Ford (F) Becomes ZipCar (ZIP) Partner at 250 U.S. College Campuses

August 31, 2011 7:13 AM EDT
Ford Motor Company (NYSE: F) and Zipcar, Inc. (Nasdaq: ZIP) have entered into a new strategic alliance establishing Ford as Zipcar's largest university vehicle partner, reaching students at more than 250 U.S. campuses.

Thanks to Ford, Zipcar will offer $10 off the $35 annual membership fee for the first 100,000 new University members who sign up for Zipcar, plus $1 off the hourly rate for the first 1 million hours of use on any of the new Ford vehicles at select colleges and universities.

Zipcar will add up to 650 Fords to its lineup during this academic year and up to 1,000 Ford vehicles during the life of the agreement.


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