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Avis buys Zipcar and grows car-sharing capabilities internationally
Wed, 02 Jan 2013Zipcar, 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.
Lincoln offers free maintenance for three years on new cars
Fri, 18 Jun 2010If you buy or lease a new Lincoln, forget about paying for routine maintenance for awhile. Lincoln announced a promotion starting Friday that offers free scheduled maintenance for three years or 45,000 miles. The incentive runs through Sept.
Nissan plays catch-up on quality
Tue, 11 Oct 2011Stung by slumping U.S. quality scores, Nissan Motor Co. will overhaul quality control in a bid to catch Japanese and Korean rivals boasting better customer satisfaction.