Car Sharing Competition: Hertz and Enterprise Chase Zipcar

Hertz, as the largest international rental car company, has entered the car sharing market by launching the Connect by Hertz car sharing club, with neighborhood parking in London, New York City and Paris. Hertz plans to expand into additional cities, as well as universities, in 2009. As Hertz expands, it can leverage its established presence in 8,100 locations in 144 countries worldwide.

A Better Strategy for Detroit: Electric Drive not Flexfuel

In 2006, Detroit held high hopes of being profitable by selling millions of flexfuel vehicles. The vehicles delivered sub-par fuel economy and zero profits. Although millions of electric vehicles will displace cars with gasoline engines, the internal combustion engine will be with us for decades in hybrids, plug-in hybrids, and heavy-duty trucks. Biofuels are not a panacea; rather, they are part of the energy security solution. The big story is the shift to electric drive.