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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.

Regent Street Motor Show to return for 2014

THE REGENT Street Motor Show is set to return to the streets of the capital this November, after organisers confirmed a date for the ultra-successful event. After the huge success of last year’s Show, once again the world-famous West End shopping street will be closed to traffic for what is now firmly established as the UK’s largest free-to-view motor show. In 2013, the traffic-free zone was extended to stretch from Piccadilly Circus right up to Oxford Circus for the very first time.

LG seeks a ban on BMW & Audi imports to Korea

Audi's LEDs are said to infringe LG patents It seems there isn’t a day that passes without big companies playing out their patent disputes in courts round the world. We’ve seen ongoing spats between Google, Apple, Samsung and HTC, and now we hear that LG Electronics is seeking a ban on imports of Audi and BMW cars to Korea over an LED patent dispute with Siemans Osram. LG Electronics has already demanded a ban on imports of LED products from Siemans Osram, and is now stepping up the pressure by demanding that Audi and BMW cars featuring Osram LED lights be banned.