Ford Canada and Zipcar Bring the Future of Transportation to the Newest Generation of Drivers at Canadian Universities

Ford of Canada and Zipcar, inc. – the world's leading car-sharing network – are teaming up to help make transportation more affordable, fun and sustainable for students at 11 university campuses across Canada

Apr 2, 2012

TORONTO and CAMBRIDGE, Mass., April 2, 2012 /PRNewswire/ -- Ford of Canada and Zipcar, Inc. (Nasdaq: ZIP) – the world's leading car-sharing network – today announced the launch of a national partnership designed to accelerate the use of Zipcar across Canada and introduce a new generation of drivers to Ford vehicles. The strategic alliance is an expansion of the program that Zipcar and Ford launched in the United States in August 2011, and establishes Ford as Zipcar's largest university vehicle partner, reaching students at 11 Canadian campuses in Toronto and Vancouver.

The program with Zipcar and Ford of Canada will help introduce a new generation of drivers to Ford vehicles with the highly fuel-efficient Focus and Escape now part of Zipcar's existing fleet of environmentally friendly, reliable and fun vehicles.

"With this program, today's student drivers can experience our latest fuel-efficient vehicles, while helping them reduce their cost of living and address congestion and parking demands on campus," said Graeme Whickman, VP Marketing, Ford of Canada. "Together with Zipcar, we're enabling the next generation of drivers to experience the next generation of cars and transportation, and we're looking forward to making Ford a staple of their university experience."

Thanks to Ford, Zipcar will offer $10 off the $35 annual membership fee for the first 5,000 new University members who sign up for Zipcar, plus $1 off the hourly rate for the first 50,000 hours of use on any of the new Ford vehicles at select universities.

The new generation of Ford vehicles, especially the All-New Ford Focus, is a good match for Zipcar's environmentally minded student members who demand high fuel efficiency and value performance and style balanced with reliability and utility. The program also helps reduce parking demand, congestion and emissions by giving students access to a car on campus without them having to bring one with them to school.

The stylish new Focus delivers 4.8L/100km (59 mpg) on the highway plus leading new technologies such as Ford SYNC® – all important attributes to today's smart, environmentally minded university students.

"With reduced membership fees and hourly rates sponsored by Ford of Canada, students can now save even more money on sustainable transportation, without sacrificing the freedom and fun of having a car on campus," said Scott Griffith, Zipcar chairman and CEO. "We're targeting a generation that only knows how to buy music by the song so paying for a car by the hour is a natural for them. This alliance offers students the best of both worlds – a great set of wheels from Ford, available on demand, just when you want them through Zipcar."

New Ford vehicles started arriving on campuses this month with most of the vehicles located within a kilometre off of university grounds. Ford vehicles will make up 60 percent of Zipcar's university fleet in North America by September 2012.

Zipcar provides an affordable and convenient transportation solution for university students living on campus with all-inclusive rates that cover parking, gas, insurance, up to 200 kilometres of driving, maintenance and roadside assistance. Zipcar has established partnerships with more than 250 universities throughout North America, including the University of Toronto, York University and the University of British Columbia in Canada.

While Zipcar offers more than 30 makes and models of vehicles to its members, final vehicle selections for its fleet are heavily scrutinized. Members weigh in on brand preferences through annual surveys, and Zipcar reviews total cost of ownership for each new model. Leading technology and fuel economy in the Ford Focus and Escape were persuasive factors in selecting Ford for this collaboration.

About Ford Motor Company of Canada, Limited

Ford of Canada's operations include a national headquarters, three regional offices, two branch offices, three vehicle assembly and engine manufacturing plants, and two parts distribution centres. Ford employs approximately 6,000 people in Canada, while an additional 18,000 people are employed in the more than 400 Ford and Ford-Lincoln dealerships across the country. For more information, please visit www.ford.ca.

About Zipcar

Zipcar is the world's leading car sharing network with more than 673,000 members and more than 8,900 vehicles in urban areas and college campuses throughout the United States, Canada and the United Kingdom. Zipcar offers more than 30 makes and models of self-service vehicles by the hour or day to residents and businesses looking for an alternative to the high costs and hassles of owning a car. More information is available at www.zipcar.com. Photos and b-roll footage are also available for media purposes.

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For further information: CONTACT: Joshua Norton, NATIONAL Public Relations, Office: +1-416-586-1903, jnorton@national.ca, Erin Voth, NATIONAL Public Relations, Office: +1-416-848-1385, evoth@national.ca; Colleen McCormick, Zipcar Public Relations, Office: +1-617-336-4342, cmccormick@zipcar.com

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