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Britain to be third global production site for the Nissan Leaf EV after Japan, U.S.

Nissan Motor Co. said it will build the new Leaf electric vehicle at Britain's Sunderland assembly plant starting in early 2013, with initial capacity of 50,000 units. The Japanese company and its French alliance partner Renault will invest more than $642.6 million in the project, including the construction of a lithium ion battery plant on the site.

Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Nissan backs radical DeltaWing racecar program

Nissan has announced its involvement in a radical new motorsport project, dubbed the DeltaWing, which will race at the Le Mans 24 Hours this summer using Nissan power. The car is the work of Ben Bowlby who originally designed the car as a proposal for the 2012 IndyCar racer, which has since found the attention of Nissan after its rejection by the American race championship. The headlines of the design are that it's half the weight and has half the aerodynamic drag of a conventional racer and is therefore far more efficient.