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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.

Four-door version of Fiat 500 coming to North America

Fiat is bringing a four-door version of the 500 small car to North America, three company sources say. The vehicle will appear in Europe at the end of 2011. Timing for the United States is still uncertain.

SEAT Leon FR+ Supercopa launches

SEAT Leon FR+ Supercopa SEAT UK has launched a special edition Leon – the SEAT Leon FR+ Supercopa - with a new sporty look and extra features. Last year we got the SEAT Leon FR+ bolted on to the Leon range in the UK as a top of the range Leon aimed at extracting a bit more from Leon customers, 25 per cent of whom were already opting for the previous range topper, the Leon FR. That plan obviously worked as SEAT has now added yet another model above the FR+ in the guise of the FR+ Supercopa which offer a special edition styling kit for a sportier look.