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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.

£127k McLaren MP4-12C tops the bill at BCA Auction

A host of luxury and performance cars went under the hammer at the BCA Blackbushe Top Car Auction this week, including a McLaren MP4-12C and a nearly-new Jaguar F-Type. BCA said, "the high-end prestige and sports car market has a strong following with buyers and we have seen lots of interest in high value vehicles during 2013, with bidders prepared to invest six-figure sums for the right vehicle." Judging by some of the prices realised, there are still bargains to be found... Please click the image above to read more about the BCA Blackbushe Top Car Auction

Mini previews John Cooper Works concept before Detroit auto show

A new Mini John Cooper Works concept will bow at the Detroit auto show in January. It gets exclusive gray paintwork, red accents, new aerodynamics and new 18-inch JCW light alloy wheels. Mini says the concept has a longer wheelbase and wider track than the outgoing model, which is hardly surprising -- the Mini gets less Mini every year.