Pcv Valve Beck/arnley 045-0272 on 2040-parts.com

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.

The Racing Reverend takes to the track in historic Jaguar

We're used to seeing a little fire and brimstone at the various NASCAR races across the country. That traveling circus is most at home when it swings through the heart of the Bible Belt. But when the English drivers of historic race cars start Tebowing at the finish line, it must be a sign.

Mitsubishi plans ‘Colt-successor' for the United States around 2012

Mitsubishi plans to bring a global small car to the United States sometime around 2012. It would be the successor to the Colt small car currently sold in Europe and Asia. The new car would be all-new, and the name has not been decided yet, a spokesman said, referring to it as the “Colt-successor.” “There's obviously a need for a very small car,” Mitsubishi spokesman Moe Durand said.