AC Schnitzer upgrades BMW M6 line

AC Schnitzer has a new performance package for the BMW M6 coupe, convertible and Gran Coupe. In addition to engine upgrades, the tuning company adds suspension pieces, bodywork, interior bits and a choice of 20- or 21-inch wheels. Output is up from 560 hp to 620 hp, while torque grows to 582 lb-ft.

Formula One in USA: New Jersey to host F1 Grand Prix from 2013

New Jersey to host F1 Grand Prix of America from 2013 America has always played a marginal part in the F1 Circus. Yes, there have been lots of Grands Prix in the US, but the American public have never embraced F1 fully. But the news that New Jersey will host an F1 Grand Prix for ten years from 2013 could change all that.

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.