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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.
BMW reveals M3 GT2-based Art Car
Wed, 02 Jun 2010This brightly coloured beast is BMW’s latest Art Car, and the company's entry into this year’s Le Mans 24hrs. Based on the M3 GT2, the 17th Art Car has been designed by Jeff Koons and was unveiled last night at the Centre Pompidou in Paris. BMW might not need such help – the M3 GT2 has already picked up a first place at this year’s Nurburgring 24hrs.
Audi Sport Quattro concept hits ahead of Frankfurt motor show
Tue, 03 Sep 2013Audi is set to take next week's Frankfurt auto show by storm. It is unveiling the new 700-hp Sport Quattro concept -- a car promising to be a new technological flagship for Audi, and one that company insiders strongly hint will go into limited production. The concept is being created to celebrate the classic Sport Quattro's 30th anniversary.