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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.

Rare Porsches--even a tractor--gather in Illinois for annual event

It's not often that Americans see more than a couple dozen Porsches in one spot at the same time. But those who make it to the annual Porsche Club of America Parade in St. Charles, Ill., can wander among seven hundred Porsches of all ages--even a tractor--from the United States and Canada.

GM to drop plans for range-topping Cadillac sedan

General Motors has decided to deep-freeze a range-topping ultraluxury sedan it was developing for Cadillac, according to three people with knowledge of the company’s plans. GM executives recently concluded that the rear-wheel-drive car, which would have been a low-volume showstopper priced well north of $100,000, didn’t offer enough brand-building pizzazz to justify the investment, the sources said. Designers recently were taken off the program and reassigned.