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Henry III, Act I: Henry Ford's great-great grandson will soon enter the stage

Why do we think 29-year-old Henry Ford III will make a great auto executive? Not because he is the great-great grandson of Henry Ford, direct descendant of the founder, and next in line for the throne if Ford Motor Co. was a monarchy.

Toyota begins testing wireless recharging for electric cars

Toyota has announced that it will begin actual verification testing of its new wireless battery charging system for electric vehicles, one which charges the battery of a plug-in hybrid or a pure-electric car by having the car park over it. Toyota's charging system uses magnetic-resonance technology, which operates by transmitting electricity by using the magnetic resonance resulting from changes in magnentic field intensity between a coil positioned under the car, and a receiving coil built into the underside of the vehicle. This system eliminates the need for physically plugging in an electric car or a hybrid to an actual plug, and also has the potential to solve the problem of multiple types of actual plugs.

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.