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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.

New Mercedes S 65 AMG revealed as S-Class range-topper

The 2014 Mercedes S 65 AMG (pictured) revealed ahead of LA & Tokyo debuts We’re assuming that the new 2014 Mercedes S 65 AMG will remain the new range-topper for the S-Class, but with Pullman versions of the S-Class still to come – perhaps with the Maybach badge – that’s not a certainty. But for now, the newly-revealed S65 AMG is indeed the top of the range in the new S-Class and will get its public debut at both the Los Angles and Tokyo Motor Shows later this month. We’ve actually already seen a photo of the new S65 AMG back in September when Mercedes were busy filming a promo, but now we get the full details ahead of debut.

Godzilla goes to court to stomp Honda

Honda Motor Co. is being sued by another of Japan's biggest exports. No, not Toyota or Nissan.