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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.

Bellissima! Exotic Italian cars hit Brooklands

We were blessed with brilliant weather over the first May bank holiday weekend of 2014, and what better way to celebrate the onset of summer than with a celebration of stunning motor cars? That’s exactly what happened at the home of British motorsport, Brooklands, with thousands of Italian vehicle owners turning up to Auto Italia magazine’s Italian car day at the famous location. From Fiat 500s to Ferrari F50s, this gathering of iconic Italian metal had it all.

Aston Martin Lagonda SUV still moving forward

New reports suggest Aston Martin is still pushing forward with the Lagonda SUV, with underpinnings from the Mercedes GL. Last year we reported the Lagonda SUV was back on (although we’re not sure when it was actually off – just MIA) and that it was Aston Martin’s hope they could raid Mercedes parts bin for the underpinnings of the SUV, and take on the building of a new Maybach for Mercedes in the process. But as we now know, Mercedes has decided a Pullman S Class has more cachet (and less build cost) than  the glitter ball Maybach, so Aston Martin’s hopes of a nice profitable design and build deal evaporated with the last roll of the dice for the Maybach brand.