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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.

Acura future products: Hybrids joining revamped lineup

Sales have begun to rebound for Acura, American Honda Motor Co.'s luxury brand, and a product renaissance in 2012--complete with a big entry into hybrid powertrains--could provide a further boost. Acura's two crossovers will be redesigned. And while the RL flagship won't have the rear-drive V8 version--those plans were killed in 2009--it will be significantly re-engineered.

UPDATE: Jack Roush hospitalized after crashing plane, injuries not life-threatening

NASCAR team owner and Mustang guru Jack Roush crashed while landing his plane on Tuesday in Oshkosh, Wis. He's in serious but stable condition and his injuries are not life-threatening. Roush was landing his Hawker Beechcraft Premium jet at the Oshkosh airport about 6:15 p.m.