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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.

Subaru Legacy/Outback (2006): first official pictures

By Nathan Millward First Official Pictures 19 September 2006 11:00 The lowdown Subaru is making over its Legacy saloon and Outback wagon for the 2007 model year. A subtle facelift, upgraded cabin, retuned suspension and three-mode 3.0-litre flat six – with sport, economy and normal options – are the big changes. The 2.0-, 2.5- and 3.0-litre range will cost from £17,995, with the cars coming on stream in the next few weeks.

Ford to unveil 'solar powered' hybrid car

FORD IS to unveil a solar-powered concept car capable of 100 miles per gallon that offers the same performance as a plug-in hybrid - but without the need for a plug. The C-MAX Solar Energi Concept car, which will be revealed at this month's International CES gadget show in Las Vegas, uses a petrol engine combined with a gizmo that acts like a magnifying glass to concentrate the sun's rays on the vehicle's roof-mounted solar panels. Ford says the vehicle's estimated combined mileage is 100 miles per gallon.