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November a strong month for car sales

U.S. auto sales--led by BMW, American Honda and Volkswagen Group--rose 15 percent to 1.14 million in November, exceeding analysts' forecasts and setting the stage for the industry to finish 2012 on a high note heading into the new year. The annualized industry sales rate, adjusted for seasonal trends, accelerated to 15.56 million--the highest rate since 15.59 million in January 2008.

Infiniti’s new electric car (2012): all the latest news

Within the next two years Infiniti will launch an electric vehicle based on Nissan’s Leaf. But it won’t just be a Nissan with a new nose; instead the Infiniti version will, according to the company’s project design director Takashi Nakajima, be a ‘luxury EV’ with completely unique styling and a performance boost to boot. Infiniti’s EV won’t just be a re-badged Leaf with an Infiniti grille, though it will borrow heavily from Nissan’s electric car beneath the skin.

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.