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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.

Build your own Tesla Model S

Tesla has launched a Web-based Design Studio along with option and pricing information for the upcoming Model S sedan. The exterior configurator allows users to select their paint, wheels and roof style. Interior, packages and options are currently unavailable in the Design Studio (an estimated time of arrival is given as “this winter”) but can be explored on the Options and Pricing page.

First SRT Viper sells for $300,000 at California auction

The first 2013 SRT Viper sold for $300,000 at the Barrett-Jackson auction in Costa Mesa, Calif., on June 23. The final price made the Viper the top seller of the event. Proceeds from the sale will go to the Austin Hatcher Foundation, which helps families and children affected by pediatric cancer.