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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.

Peugeot 2008 Crossover: UK price from £12,995

That meant the Urban Crossover Concept from Geneva in 2012 turning in to the new Peugeot 2008 at the start of 2013 – before heading to Geneva 2013 for its public debut – and with that other French car maker, Renault, going a similar route with the Clio-based Captur, it’s clear the French see the future of compact cars moving away from hatchbacks to something more rugged. But unlike the Captur – which was a bit of a disappointing looking Clio on stilts – the Peugeot 2008 does look a more convincing offering, even if it’s a more generic-looking compact SUV than the Nissan Juke and would, for our money, be the pick over the Captur. Peugeot are targeting 8,000 sales a year in the UK for the 2008, and with prices starting at £12,995 and heading up to around £19,000 it seems, if anything, a quite modest target, especially as Peugeot reckons 65 per cent of 2008 customers will be new to the brand.

Toyota says data show drivers stepped on the wrong pedal

Toyota Motor Corp. says data from black boxes it has inspected show that many drivers were pressing on the throttle, not the brake pedal, during unintended-acceleration events. Over the past four month, Toyota has investigated about 2,000 reports of unintended acceleration.