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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.

Mazda CX-7 gets sporty makeover for Europe

By Ben Whitworth Motor Industry 29 September 2006 03:13 Mazda is scrabbling to ready a muscular 170bhp turbodiesel engine for its new CX-7 crossover, which arrives in Europe next summer. Although the five-seat 4x4 will initially come with a 258bhp version of the Mazda 6 MPS's turbocharged 2.3-litre four, European market demands for diesel power mean Mazda will unleash a new 2.2-litre version of its four-cylinder diesel. This engine will be hooked up to a slick six-speed manual or five-gear automatic transmission.

Caterham Superlight R600 (2012) first official pictures

There's never been a forced induction-endowed production Caterham Seven until now, but supercharging is announcing its arrival in the lightweight special in a big way: the new Superlight R600 is the fastest Seven racing car the company has ever built. Competing in the Superlight R600 Championship from 2013, the racer is the most extreme machine yet from Caterham to take to the circuit, but CAR hears there'll be a road legal version along soon for hardcore track day fans. What's the spec of the Caterham R600 Superlight?