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VW sells 5 million cars in China
Fri, 16 Oct 2009VW has hit 5 million car sales in China But some car makers saw the future long before the rest. Volkswagen has been making cars in China for 25 years in collaboration with Chinese partner SAIC. And 25 years ago China was a very different place to the country it is now, so it was a brave move and a big risk for VW at the time.
Avis buys Zipcar and grows car-sharing capabilities internationally
Wed, 02 Jan 2013Zipcar, 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.
Mercedes GLK unveiled in Beijing
Mon, 21 Apr 2008By Guy Bird Motor Shows 21 April 2008 17:34 Feedback on the forthcoming Mercedes GLK has been mixed to say the least. The final production version at the Beijing motor show is – as predicted – little changed and still ugly, especially in the side profile. However, in ‘on-road’ guise it does have some saving graces… It seems so.