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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.

Bugatti won't build new car until Veyron is sold out

Bugatti executives told Bloomberg on Wednesday that the brand won't move forward with a new automobile until all of the remaining Veyrons have sold out. The French automaker built 300 original Bugatti coupes, followed by 150 various variants. The coupes sold out in 2011, but 40 convertibles are still for sale.

New Audi TT images appear ahead of Geneva debut

Peter Murphy and Walter Gropius walk into Geneva's Palexpo, look at the new Audi TT and proclaim, "This ain't a return to Bauhaus, in fact, it looks like it might just be heavy refresh. Dag." Clearly, that's a fictional scenario. Gropius is as dead as Bela Lugosi and Murphy suggests that there won't be any further Bauhaus reunions.