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Nissan Versa hatchback previewed by Japan-market Note

The Nissan Versa hatchback will be redesigned, with styling similar to that of the new Note subcompact that the automaker revealed in Japan on Monday. Nissan said the Note will go on sale in Japan this fall and in Europe in 2013. The carmaker did not say when the Versa hatchback will go on sale, but the car is expected to reach showrooms early in 2013.

Concept Car of the Week: IAD Venus (1989)

In the late '80s, IAD had become one of the most reputable design and engineering companies worldwide. The team developed models such as the first Mazda Miata/MX-5, the Volvo 480 coupé and the Alien concept. At the1989 Tokyo motor show, the firm added another masterpiece to an already outstanding portfolio with the Venus.

Tesla loses $38 million in third quarter

Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.