NEWS WORKS: Local nonprofit PhillyCarShare has announced that it has been purchased by Enterprise,

WAYNE ADDED 05/02/2012 - BEGIN
NEWS WORKS:   Local nonprofit PhillyCarShare has announced that it has been purchased by Enterprise, the national car rental chain and the world s largest car rental company. PhillyCarShare faced a debt of nearly $2.7 million venetian site hotel rooms in back taxes it owes to the state. The debt made it impossible to acquire new cars and grow the company. Sources say creditors were knocking on their doors, financing for a new fleet was impossible, and few options remained. MORE
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