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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: Andreas Deufel, Design Director, Great Wall Motors

Since the start of the year, Andreas Deufel has officially been Director of Design at Great Wall Motors (GWM) in China. In his role, he is responsible for GWM's three design studios, all in Bao Ding, yet he still maintains his position as Design Director at TJ Innova Auto and Design & Engineering (TJI), where he is also responsible for three studios. Deufel's appointment to the position as Design Director at GWM was anything but conventional.

Ford Mondeo [w/Gallery]

The new Ford Mondeo will make its debut at the Paris motor show in sedan, hatchback and wagon formats. The European version of the Fusion adds two new variants to the flagship the global D-segment platform. It will also be offered as a petrol Hybrid Electric Vehicle – a first for Ford in Europe.