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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.

Cadillac teases 2013 'glamour' concept car

Looking to recapture some of its past luster, Cadillac showed renderings of a concept car that will appear at a 2013 auto show. The car is an attempt for the brand to "reflect back not for nostalgia, but what made us great at the time," said Clay Dean, Cadillac director of advanced design. Monterey car week is packed with car shows, vintage racing and car auctions.

Up to 1.2 million motorists unaware they’re over the drink-drive limit

Research from LV= car insurance has revealed research that suggests in the past two years, a staggering 1.2 million motorists have driven ‘the morning after’ whilst still over the drink-drive limit. The news comes as police forces and anti-drink-drink campaigners prepare for their busiest time of the year, with Christmas historically leading to a peak in drink-driving arrests. On Bing: see pictures of drink-driving Drink driving deaths UP by 25% Many drivers blatantly choose to ignore the drink-drive limit, whilst others are seemingly unaware of how long it takes for alcohol to leave the body.