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Avis buys Zipcar and grows car-sharing capabilities internationally
Wed, 02 Jan 2013Zipcar, 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.
It’s the Skoda Citigo, Skoda’s take on the VW Up!
Wed, 28 Sep 2011Skoda Citigo If the latest addition to the Skoda range – the Skoda Citigo – looks familiar, that’s because it’s the Czech maker’s take on Volkswagen’s own city car, the VW Up! It gets a daft name too, but at least it doesn’t get the exclamation at the end. Sensibly, with a big chunk of the world falling in love with little cars designed for use in our congested cities (and about time too), Skoda has chosen to jump on the bandwagon quickly with its Citigo, with the baby Skoda arriving on its home turf – the Czech Republic – this year and the rest of Europe by Summer 2012.
Leaf Powers Ahead As Europe's Best-Selling Car Vehicle
Thu, 13 Feb 2014THE NUMBERS are in and, while recent months have seen a flurry of new electric car launches, one car reigns supreme in this emerging sector. With a record-breaking 2013 behind it, Nissan’s Leaf topped the charts in Europe with 11,120 sales – a massive 204 percent rise compared to 2012. Furthermore Nissan is keen to point out that the Leaf is head and shoulders above its nearest rivals, achieving 25 percent more sales than its closest competitor.