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Volkswagen Golf GTE plug-in hybrid heads to Geneva motor show

The range-defying Volkswagen Golf GTE will make its debut at the Geneva motor show next month. The magic is in the numbers. It comes with a four-pot, 1.4-liter turbocharged engine that can crank out 148-bhp, mated to a 101-bhp electric motor.

Fiat will rebadge Dodge Journey in Europe

Chrysler Group will stop selling the Dodge Journey in Europe and will instead market the crossover with a Fiat badge, Fiat sources said. The Fiat version of the Journey will be called the Freemont, the sources said. The Freemont is a key part of Fiat-Chrysler CEO Sergio Marchionne's plan to cut development costs and boost capacity utilization at the automakers' factories by cross selling vehicles from Fiat group and Chrysler group brands.

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.