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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.

25 future classic cars go under the hammer

Have you got an old car hidden in your garage? A once daily driver, that's now bordering on classic status or possibly just scrap metal? Maybe not, but you'd be surprised how many people have, going by some of the cars that went under the hammer at Anglia Car Auctions  this weekend.

Concept Car of the Week: Fiat Ecobasic

This week we're celebrating if not the most glamorous then certainly one of the most relevant concept of the last decade, the Fiat Ecobasic. The car was first shown at the 2004 Geneva motor show as Fiat investigated how to replace Giugiaro's ancient but brilliantly utilitarian Panda. The brief was: cheap to produce, cheap to own and friendly to the environment.