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Nissan teams up with Williams for sporty Nismo cars from 2014

Nissan’s performance car skunkworks arm Nismo (short for Nissan Motorsports) has agreed a deal with Williams Advanced Engineering to co-develop faster versions of Nissan’s road cars from 2014. It doesn’t mean the Williams F1 team will be developing the forthcoming Nismo version of the GT-R, but the Formula One team and Williams Advanced Engineering are part of the same group founded by Sir Frank Williams. Sir Frank said: ‘Williams Advanced Engineering has a history of developing world class, high-performance products and this agreement is particularly exciting because of the ambition and potential of the Nismo brand.

Jeep Grand Cherokee SRT8 gets Ferrari treatment for Formula One team

Two 2012 Jeep Grand Cherokee SRT8s made an appearance in Italy on Thursday as the keys were handed over to Formula One drivers Felipe Massa and Fernando Alonso. That's just another perk of working for a company that owns both Ferrari and Chrysler. The Jeeps are painted in Rosso Corsa, which translates to Racing Red, Ferrari's signature color.

GM preps for new engines, 8-speed transmission

General Motors is spending $332 million to upgrade powertrain plants in three states to build a new eight-speed automatic transmission, a new V6 and a new family of small-displacement gasoline engines. The plants are in Indiana, Michigan and Ohio. GM is also adding $46 million to an earlier $600 million program to upgrade powertrain plants in Saginaw and Romulus, Mich.