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Avis buys Zipcar and grows car-sharing capabilities internationally

Zipcar, a car-sharing company that specializes in renting cars by the hour or day, announced Wednesday it will be acquired by Avis Budget for $491 million, or $12.25 a share. The action will help Avis compete against Hertz Global Holdings, which became the world's second largest car-rental company in 2012 following its purchase of Dollar Thrifty car-rental company for $2.6 billion, according to a Bloomberg report. “By combining with Zipcar, we will significantly increase our growth potential -- both in the U.S.

Toyota Matrix

Toyota unveiled the second-generation Matrix at the 2007 Specialty Equipment Market Association (SEMA) show last week. Based on the Corolla sedan, the sporty five-door 'crossover' has been totally redesigned for the 2009 model year. Development of the new Matrix focused on svelte exterior styling with enhanced interior utility and improved performance.

Campaign Group Calls For Halt To 20mph Roll Out

CAMPAIGN group Alliance of British Drivers (ABD) is calling for Government to halt the roll out of 20mph zones following further increases in 20mph accidents. The organisation has also questioned the motivation of proponents who continue to advocate a national roll out of 20mph zones, despite an ongoing Government investigation and claims of increased recorded accident statistics in current 20mph zones. In a recent survey of its members: 95% of Alliance of British Drivers' members believe that the roll out of 20mph zones and limits should be halted pending Government research into increased casualty statistics in current zones.