Zipcar (ZIP) continues its expansion efforts (I, II), announcing it has exercised its option to...

|By:, SA News Editor

Zipcar (ZIP) continues its expansion efforts (I, II), announcing it has exercised its option to obtain a majority stake (60%) in Barcelona-based car sharing service provider Avancar. Zipcar, which also recently acquired U.K. car rental firm Streetcar,  adds it plans on further expanding its European footprint going forward.