Kandi Technologies Plans to Deploy 5000-10000 Pure EVs in Hangzhou for the Initial Launch of Public EV Sharing System

Kandi Technologies Group, Inc. (the 'Company' or 'Kandi') (KNDI), today announced, on June 8^th, 2013, Hangzhou City started the construction of its first pure electric vehicle (the "EV") smart vertical parking and charging facility in Gudang Technology Park of Xihu District to advance its planned five-year goal of establishing a mini-public transportation system which will include up to 100,000 self-serving rental EVs and all necessary service infrastructure throughout Hangzhou. The first facility is anticipated to be completed and in use in early July of 2013. According to the project plan, over 30 pure EV smart vertical parking and charging facilities (including additional EV sharing service network) will be built by the end of this year in Hangzhou City and 5,000 to 10,000 Kandi pure EVs will be deployed in Hangzhou within one year from the initial launch of the smart vertical parking and charging facility. 

Avis Budget Group to Acquire Zipcar for $12.25 Per Share in Cash

• Combined company will be the global leader in car sharing and mobility solutions.
• Combination expected to produce $50-70 million in annual synergies.
• Transaction targeted to close in spring 2013.
• Avis Budget re-affirms its prior estimates of full-year 2012 results.

Avis Budget Group, Inc. (Nasdaq:CAR) and Zipcar, Inc. (Nasdaq:ZIP), the world's leading car sharing network, today announced that Avis Budget Group has agreed to acquire Zipcar for $12.25 per share in cash, a 49% premium over the closing price on December 31, 2012, representing a total transaction value of approximately $500 million.

Luxury Auto Sales Propel 78.3% Increase in China Auto Logistics 2012 Third Quarter Revenues

China Auto Logistics Inc. (the "Company") ( NASDAQ : CALI ), a top seller in China of luxury imported automobiles, a leading provider of auto-related services and developer and operator of one of China's leading automobile portals and three major auto-related websites, today reported it achieved substantial year over year revenue gains in the three-month and nine-month periods ended September 30, 2012.

Financial Highlights

• 2012 third quarter revenues grew 78.3% to $170,456,821 led by an 83.4% increase in Automobile Sales revenues to $168,360,743 and a 22% increase in Financing Services sales to $1,491,170.

  Published: 14 November 2012

  Written by Editor

  Nasdaq   Financial Results   Up on News   Transportation   Interesting News  

  Read more: China Auto Logistics Inc ( CALI )

Hertz and Dollar Thrifty Announce Definitive Merger Agreement

The combination of Hertz and Dollar Thrifty will create a global, multi-brand rental car leader offering customers a full range of rental options through its strong premium and value brands.  The boards of directors of both companies have unanimously approved the transaction.