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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.

New Jaguar XJ Launch – Watch it LIVE on Cars UK

The New Jaguar XJ Reveal - LIVE on Cars UK During the evening – as soon as the embargo is lifted – we will be bringing you comprehensive details and images on what exactly the new Jaguar XJ has to offer. We’ve been teased to death by Jaguar with snippets on everything from the new XJ Sound System to a shot of a new Jaguar headrest as the new XJ interior tease, but finally we will get to see the new XJ in all its glory. The reveal of the new XJ is scheduled for 8.15pm tomorrow (7.15pm GMT), so make sure you get along early to catch the show.

Mitsubishi previews Tokyo motor show concepts

Mitsubishi Motors has released more details on three concept cars at the upcoming Tokyo Motor Show, which we will be attending, and all three concepts have something in common -- they're all SUVs with hybrid technology. And three weeks before the start of the show Mitsubishi Motors has released more details previewing the concept cars since announcing the concepts earlier in October. First up is the Mitsubishi Concept GC-PHEV, in the center of the photo, which is meant to preview a next-generation full-size SUV with full-time four-wheel drive.