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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.

Honda CR-V concept

This is the first image of the Honda CR-V concept, a vehicle that previews the fourth generation CR-V expected to be revealed at the LA auto show in November. The new CR-V's thinly veiled concept precursor highlights a new front face, sculpted bodysides and kick-up DLO shape that will appear on the production car. Inside, Honda claims the new CR-V will offer an ‘accommodating and spacious interior' with a ‘host of new possibilities'.

Ford Focus, Fiesta racers (2011): global motorsport

The new One Ford mantra is spreading to the race track - as the Blue Oval sends its motorsport division global too.  Announced at the 2010 SEMA show, the Fiesta R2 rally car will now be available in North America for the first time. And the all-new Ford Focus touring car (pictured) will race globally - it's anticipated to be in the 2011 British Touring Car Championship. Ford plans to coordinate and support private race teams around the world and is promising to help teams adapt the car to worldwide touring car categories.