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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.

CPP buys Zagato

Ferrari 550 GTZ - built by CPP In a move that seems to have received no coverage whatsoever, our favourite specialist car putter-together – CPP (Coventry Prototype Panels as was) – has quietly bought up Zagato. For those of you who are ‘Vlad Watchers’ this may come as no surprise. It seems that Vladimir Antonov is on a quest to buy up everything interesting there is to buy in the specialist car world (and Portsmouth FC too – no accounting for taste!), which includes funding CPP and its recent acquisitions.

Opel Corsa

Opel has released pictures of the new Corsa, which will make its debut in July at the British Motor Show. Sharing its platform with the Fiat Grande Punto, styling is closer to the larger Astra with dynamic cab-forward proportions. Aided by the strong chin, an additional pane in the side-glass also enables a more forward-reaching profile - as chief designer Niels Loeb said "this is just what we wanted the coupe-like three-door Corsa to be." Inside, the IP neatly evolves themes from the outgoing model, with cues also shared with the new Antara SUV.