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Next BMW 7-series previewed in Vision Future Luxury concept

BMW has previewed key exterior styling elements, contemporary interior design touches, lightweight carbon fiber construction and innovative lighting systems to be incorporated on next year's sixth-generation 7-series with the unveiling of an arresting new concept car that goes under the name Vision Future Luxury. Revealed at the Beijing auto show, the big new sedan is described as a showcase for future BMW models. But while initial speculation suggested the Vision Future Luxury pointed at a possible 9-series flagship model to be installed at the top of the German car maker's lineup, BMW officials have confirmed the new concept was created more specifically as a pointer to the next 7-series, which is planned to head into North American showrooms late next year.

Ferrari 599 GTB 60F1 (2011) first official pictures

Ferrari is launching a special pack of paint and trim options on the 599, called the 599 GTB 60F1. It's designed to mark six decades of winning in Formula 1 (not something the scuderia has done much of in 2011). Froilan Gonzalez won Ferrari's first F1 race in the 375 F1 car back in July 1951; 60 years later, Fernando Alonso won Ferrari's first race of the current season in the 150° Italia.

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.