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Formula Drift readies for 10th anniversary

Just two weeks after selling more tickets than ever at its 2012 season-ending event at Irwindale Speedway in Southern California, Formula Drift announced special 10th anniversary plans for the coming 2013 season. “It's crazy,” Formula Drift co-founder Jim Liaw said of the series' and sanctioning body's first 10 years. “It's kind of gone by in a blur.” That would be because it went by sideways.

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.

New Car Flash site is social network for petrolheads

Newcastle-based entrepreneur Kasim Malik has launched a new social network called Car Flash, targeted specifically at car enthusiasts. Car Flash aims to take advantage of the current trend towards niche social networking, and connect petrolheads across the globe through their shared enthusiasm. On Bing: see pictures of car enthusiasts Find out how much a used car costs on Auto Trader The site, Carflash.com, allows you to create a personal profile, find and add friends, browse a news feed and make use of a real-time messaging function.