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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.

Who's Where: Pierre Leclercq is Great Wall's VP and design director

Pierre Leclercq has been appointed vice president and head of design at Great Wall Motors. Splitting his time between the company's studio in Baoding, China, and a Shanghai-based satellite studio, he reports directly to chairman Wei Jianjun. In his role he‘s responsible for the design of the brand globally and leads a team of 130 designers in Baoding as well as 25 in the Shanghai studio.

CAR interviews AMG's ex-boss Volker Mornhinweg

Volker Mornhinweg has single-handedly transformed AMG, turning the in-house tuner into a fully fledged and independent supercar manufacturer. During his five-year watch he built up an outstanding team of engineers and designers, and his enthusiasm for fast and dynamic cars was as contagious as it was never-ending. In April he will leave AMG and take on the new role of overseeing Mercedes’ van operations – a vital, but very different role.