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Daimler raises its stake in Aston Martin to 5%, as alliance deepens

By Tim Pollard Motor Industry 04 August 2014 17:42 Daimler has raised its stake in British sports car maker Aston Martin as the Anglo-German alliance strengthens, it emerged today. The Mercedes-Benz parent company grew its stakeholding by 1% on 31 July 2014, the company confirmed. Daimler now owns 5% of Aston Martin.

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.

Citroen DS4 (2011) UK pricing announced

In the recent buzz about the DS5 crossover, you may have forgotten about Citroen's middle child of the DS range, the DS4. Unveiled last year at the 2010 Paris motor show, the DS4 is a five-door crossover hatchback based around the current Citroen C4. Citroen DS4: trim levels DScribed The DS4 will be available in three trim levels: DSign, DStyle and DSport.