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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.

More women 'caught drink driving'

THE NUMBER of women convicted of drink-driving has almost doubled in recent years, a survey has shown. Women accounted for 9% of drink-drive convictions in 1998, but this figure had risen to 17% by 2012, the survey revealed. From car insurance company Direct Line and transport organisation the Rees Jeffreys Road Fund, the survey also showed that 17% of female motorists thought they had driven while over the legal alcohol limit in the past year.

2014 Acura ILX Hybrid hits showrooms today

The 2014 Acura ILX Hybrid goes on sale today in dealerships nationwide. The ILX hybrid model starts at $29,795 including destination. This Acura is the only luxury model that made the top-10 list of Generation Y car shoppers, according to J.D.