Car sharing firm Zipcar (ZIP -3.3%) says it's a lead investor in Wheelz - a college campus car...

|By:, SA News Editor

Car sharing firm Zipcar (ZIP -3.3%) says it's a lead investor in Wheelz - a college campus car sharing network that connects students who own cars with students who need to borrow them. The company expects to record a $1M loss in 2012 under the equity method of accounting tied to its stake in Wheel - a mark that was already figured into its previously released guidance.