Finance
Car-sharing firm Zipcar plans to cease operations in UK
Published by Global Banking & Finance Review®
Posted on December 1, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 1, 2025
1 min readLast updated: January 20, 2026
Zipcar, owned by Avis Budget Group, will cease UK operations by year-end, pending employee consultation. No specific closure reasons given.
Dec 1 (Reuters) - American car-sharing firm Zipcar, a subsidiary of Avis Budget Group, 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)
Car-sharing is a service that allows individuals to rent cars for short periods, often by the hour or day, providing an alternative to traditional car ownership.
A subsidiary is a company that is completely or partly owned by another company, known as the parent company, which controls its operations.
A formal consultation is a structured discussion process, often involving employees and management, to address significant changes in the workplace, such as layoffs or operational changes.
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