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Design For the Real China contest seeks innovative solutions to everyday issues

The ‘Design for the Real China' contest has launched, challenging designers across all disciplines to develop innovative solutions to everyday problems that arise in China. Delivering a brief of ‘Show us a solution to a China-located problem or opportunity you have identified', the competition organizers want to see entries that address localized problems or opportunities. Participants have to submit a short video explaining both the problem they've identified and how they'll solve it.

GM to launch Chevrolet van in global markets

Chevrolet plans to launch a family van soon in several global regions, GM Vice Chairman Tom Stephens said Tuesday in showing analysts GM's future product plans. General Motors will base the van on its global compact-car architecture, said Stephens, who heads product development. He showed a picture of the van to analysts at a company presentation Tuesday, but his slides were not made available to members of the media.

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.