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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 V40: Strong residual values predicted

New Volvo V40 – Strong residuals Volvo has had good news from the fleet industry with strong residuals forecast for the new 2012 Volvo V40 ahead of first customer cars. We’ve been very impressed with what we’ve seen of the new Volvo V40; it’s a car that is right on the money in its style, its pricing and its range (although we’d like to see something more exciting at the top end). And now, with production of the V40 under way and the first customer cars expected to arrive in the UK in September, Volvo has had very good news from the fleet industry and the people who set residual values for car finance.

Skoda Yeti facelift for 2013 Frankfurt Motor Show

Skoda will debut a facelifted Yeti compact SUV at the 2013 Frankfurt Motor Show. This doesn’t exactly sound like major news, but it does represent potentially dangerous ground for the Czech brand: the Yeti is one the best-loved cars on sale in the UK –　so the task of refreshing it can’t have been an easy one. Nonetheless, Skoda has not only chosen to give the Yeti a makeover, it will also offer the car in two distinct variants for the first time – one aimed at urban drivers and the other at more adventurous types.