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Bernie keeps Williams F1 afloat

These are troubled times for Formula 1. Honda, rich as it is, has bailed out of F1 and is still looking for a buyer. Other teams are struggling to make a budget that adds up, despite the backing of billionaires and car manufacturers.

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.

Porsche 911 (991)

The release of a new generation of the Porsche 911 is always a major motoring event and the launch of the latest – the 991, which will make its debut in Frankfurt next month – appears to be the most significant since the icon switched to water cooling with the 996 in 1998. While quite obviously an evolution of the 997 and every version prior, the 991 is longer (+56mm), wider (+65mm) and lower (-11mm) than its predecessor, while the wheelbase has been extended in order to increase rear leg room and move the model further into the GT segment. Its front lamp graphics offer a visual link to the 918 concept car and sit above a set of angular DRL/turn signal units and enlarged lower mask intakes.