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Detroit will be back, Schwarzenegger tells SAE conference

Borrowing his most famous movie line, California Gov. Arnold Schwarzenegger stepped into the heart of the domestic car industry today, declaring that the Detroit automakers will recover from the economic crisis. "Yes, they're wiped out.

2015 Chrysler 200 drive review

What is it? The 2015 Chrysler 200 is a make-or-break product for the recently renamed Fiat Chrysler Automobiles, doing battle in the single largest slice of the auto market: midsize family sedans. It's also symbolic, a car which Chrysler can use finally to bury the memory of the Sebring and earlier 200 – along with the ghosts of DaimlerChrysler and Cerberus.

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.