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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 Volvo Concept at Geneva Motor Show. But what is it?

The Volvo XC Coupe Concept (left) and Coupe Concept will be joined by a third concept at Geneva Now Volvo has its new Scalable Product Architecture (SPA), and its new Drive-E engine range, heading for production they’ve been planning three new concepts to show off the possibilities the new architecture and engines promise. The first of those was the very appealing Volvo Concept Coupe which debuted at the Frankfurt Motor Show last year as a 21st century take on the classic Volvo P1800. With stunning looks, a new nose evolved from the earlier Concept You, floating grill and slim headlights, the Concept Coupe also came with a 4WD drivetrain powered by a 2.0 litre petrol and an electric motor for an output of 395bhp.

Audi S5 dumps the V8

Great engine though the V8 is, it’s getting pretty old. And it’s heavy. And it’s thirsty.