Flexcar and Honda to Partner

Honda to take 18.4 percent ownership in Seattle-base carshare program.

Published: 14-Mar-2002

SEATTLE (AP) - Flexcar has entered a partnership with America Honda, a move that will give the Seattle-based car-sharing firm a cash infusion and the auto maker another market for its new electric cars.

Under the deal, Honda gets 18.4 percent ownership and a seat on Flexcar's board, Flexcar President Neil Peterson said.

Flexcar is privately held and did not disclose terms.

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