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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.

Aston Martin V12 Vantage price set

The V12-powered version of the Aston Martin Vantage arrives in U.S. dealer showrooms late this year, with a base sticker price of $181,345, which includes shipping charges and a $3,000 gas-guzzler tax. Stepping up to the Carbon Black Special Edition adds $15,000 to the sticker price, for a total of $196,345.

Audi SQ5 brings diesel power to S-line crossover

Audi chose Le Mans weekend to unveil the newest and sportiest model in the Q5 range. The Audi SQ5 has 20-inch wheels, a lowered sport suspension, an Alcantara-swathed interior and diesel power under the hood. Enthusiasts need not despair, though.