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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.

Mercedes S-Class Grand Edition launches

Mercedes S-Class Grand Edition - AMG cosmetics to garner the last sales It’s usually a fair assumption that when Mercedes launches a car with a ‘Grand Edition’ badge attached to its boot that the end for that model is nigh. And so it is with the Mercedes S-Class Grand Edition. So before the 2012 S-Class arrives with its Magic Sky and Magic Body and Magic everything else, Mercedes has bolted a lot of its high-end cosmetics to the more lowly S-Class models to try and wring the last few sales out of a car that is long in the tooth and no longer as good as the BMW 7 Series, Audi A8 or Jaguar XJ.

BMW 6 Series Gran Coupe unveiled: Photos & Video

BMW 6 Series Gran Coupe revealed BMW reveals the 6 Series Gran Coupe, a 6 Series with extra doors and more room, the Gran Coupe is BMW’s take on the Mercedes CLS. It’s not a surprise that the BMW 6 Series Gran Coupe has arrived, the surprise is that it’s taken so long. Mercedes started the whole swoopy coupe fad with the CLS – which is now in its second iteration – and it seemed an odd niche at the time.