Sir Stelios sets up short term car hire club

Depending which way you want to look at it, a new entrant to the car hire industry, or a substitute for buying a car, has just been announced by Sir Stelios Haji-Iaonnou and Brent Hoberman (co-founder of

Their new service, called Zipcar, will rent cars by the hour and will be test launched in spring 2012.

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