Postcards

How the power players do it - by Fortune senior editor at large Patricia Sellers

Power Point: See opportunity, not fear

August 31, 2009: 6:37 PM ET

"The future of transportation will be a blend of things like Zipcar, public transportation, and private car ownership. Not only do I not fear that, but I think it's a great opportunity for us to participate in the changing nature of car ownership."

-- Bill Ford, Ford's (F) executive chairman, in the "The Best New Idea in Business," Fortune's cover story about Zipcar. Writer Paul Keegan tells how the nine-year-old car-sharing service has grown to 325,000 members and revenues of $130 million. Those numbers have caught the attention of Hertz (HTZ) and Enterprise Rent-A-Car, which have jumped to copy its model.

Automakers want in the game too. Of all the companies talking with Zipcar about partnerships--Toyota (TM), Nissan (NSANY), Honda (HMC), BMW (BMWG)--Ford has been the quickest to embrace this evolution in transportation. "Zipcar is the perfect application for electric vehicles and plug-in hybrids because you leave them at a certain location to be charged and then take them out again," says Ford. --Jessica Shambora

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About This Author
Pattie Sellers
Patricia Sellers
Senior Editor at Large, Fortune
Executive Director of MPW/Live Content, Time Inc.

Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.

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