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Nissan hires Magna Steyr to build new entry-level Infiniti car

Nissan said Thursday that Austrian contract manufacturer Magna Steyr will build a new premium compact car for the Infiniti brand, starting in 2014. Infiniti boss Andy Palmer said in a statement that the car will help the brand to reach new consumers and grow in key markets such as western Europe. Nissan did not give any more details about the car or say whether it will be sold in markets outside Europe such as the United States.

Jeep Wrangler Arctic and Liberty Arctic arrive in time for winter

First the Sahara, now the Arctic: Later this month, two new Jeep special editions will appear in dealerships--the Wrangler Arctic and the Liberty Arctic, inspired by the extreme conditions they're reportedly designed to attack. The Jeep Wrangler Arctic two-door, based ironically on the Sahara model, is available in winter-themed colors such as Winter Chill (a light blue), Bright Silver and Bright White. A four-door Wrangler Unlimited Arctic version also is available.

GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.