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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.

General Motors partners with battery supplier LG on electric vehicles

General Motors said Thursday that it is partnering with its battery cell supplier, LG Group, to develop electric vehicles. The agreement, signed Wednesday by GM CEO Dan Akerson and LG President Juno Cho, will “help GM expand the number and types of electric vehicles it makes and sells,” the automaker said in a statement. It's the second example this week of automakers looking for partners to help in developing more fuel-efficient cars, as U.S.

One Lap of the Web: Rags to riches, Beetles to Porsches

-- Joseph MacDonald parked his 1965 Beetle in front of a restaurant 41 years ago, and that was the last time he saw it. He might yet see it again today, as his stolen car -- now painted white, and with even more rust -- will reunite with him, through the providence of border patrol officers actually performing some due diligence. Jason Torchinsky -- who knows a thing or two about stolen Beetles -- notes that he was lucky enough not to have waited 40 years for his car to come back.