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More on Alfa Romeo's rear-drive strategy

The revised Alfa Romeo plan that Fiat CEO Sergio Marchionne is expected to announce next April focuses on a new, still unnamed rear-wheel- and all-wheel-drive architecture. A key aim of the new plan is to boost Alfa's global presence. "With our current segment coverage and our geographical footprint, we compete in about 5 percent of the global market," Alfa's European boss, Louis-Carl Vignon, said in an interview.

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.

Peugeot-designed Santa's sleigh (2010)

It's that time of year again when CAR commissions leading car designers to pen their vision of Santa's sleigh. First up in 2010's sleighfest is Peugeot's new Christmas transport. The new Peugeot sleigh adopts all the latest design trends straight from the design bible of Gilles Vidal, the 38-year-old design director in Paris.