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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.

Chevrolet to market diesel-powered Cruze in U.S., report says

General Motors has decided to sell a diesel version of the Chevrolet Cruze compact in the United States, the Associated Press reported today, citing two people familiar with the plans. Sources told the AP the car would get about 50 miles per gallon on the highway and help GM address stricter government fuel economy standards. The diesel-powered Cruze is at least two years from U.S.

Volkswagen wants you to design a video game car in return for an internship

Volkswagen has launched a new design contest in order to find three students to undergo a six-month internship program at its Wolfsburg design center. In order to prove your worth, you have to design a car that looks beyond the current paradigms of The Car. Think more about how personal mobility – and particularly autonomous cars – will look, feel and interact by creating a new scenario: "Video games have created their own unique medium, devoid of normal design barriers," reads the competition website.