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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.

400hp Volkswagen Golf R 400 pays tribute to Golf Rallye

Volkswagen clearly knows us too well. In its press release to accompany the world premiere of the Volkswagen Golf R 400, the Germany company references not one, but two performance heroes from yesterday. “Flared wings are a tribute to the legendary Rallye Golf G60”, it says.

Hybrid Cars are like Mermaids: Carlos Ghosn

A Hybrid is like a Mermaid. I can’t say it’s an analogy we’d ever considered before. But the quote that “A hybrid is like a mermaid: if you want a fish, you get a woman; if you want a woman, you get a fish.” is attributed to Carlos Ghosn, Nissan’s CEO.