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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.

Shelby Cobra to headline 2012 Rolex Monterey Motorsports Reunion

We're only one day out of the Pebble Beach weekend, and already Cobra enthusiasts are sharpening their fangs for next year's event. Announced on Sunday, Cobras from all over the world will rally in Monterey, Calif., next year as the featured marque on Aug. 17-19 for the 2012 Rolex Monterey Motorsports Reunion.

Renault Twingo Gordini Renaultsport revealed

The new Twingo Gordini Renaultsport will go on sale in March 2010 It’s only a couple of weeks since we reported that Renault are going to revive the Renault Gordini badge for a new range of sporty cars, a report that was followed a few days later with a confirmation from Renault, and the news that the Twingo Gordini Renaultsport would be the first to launch. And Renault has now revealed the first of the Gordini cars. The new Twingo Gordini stays faithful to the heritage of the Gordini moniker with a Fench Blue paint job, white stripes and quilted leather.