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BMW M3 GTS – more videos

The new BMW M3 GTS - more video On Wednesday we reported on the reveal of the BMW M3 GTS, a track-focused, stripped-out and lightweight BMW M3. It will deliver at least 450bhp from its 4.4 litre V8, all of which will be driven through the rear wheels by a 7-speed M Dual Clutch Transmission (M-DCT). Apart from the obvious orange paint job, the M3 GTS gets a very seventies looking rear wing bolted to the boot.

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 eyes turbos, direct injection

Toyota Motor Corp. plans to introduce 11 new or redesigned hybrid vehicles by 2012, but the carmaker is hardly neglecting the humble internal combustion engine. Takeshi Uchiyamada, executive vice president in charge of r&d, also wants to increase the fleet's fuel efficiency by putting turbochargers and direct fuel injection in smaller vehicles.