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Nissan to build $2 billion plant in Mexico

Nissan Motor Co. will build a $2 billion auto assembly plant in Mexico, its third in that country, as it works to outgun rival Honda Motor Co. The plant, in Aguascalientes, Mexico, will have initial capacity to build 175,000 light vehicles annually for the United States, Mexico and Latin America, with plans to expand.

BMW, Toyota to jointly develop a sports car

BMW and Toyota Motor Corp. on Friday said they will develop a sports car together and cooperate in fuel cell technology, powertrain electrification and lightweight technologies. BMW CEO Norbert Reithofer and Toyota President Akio Toyoda signed an initial agreement at BMW's Munich headquarters to expand long-term strategic collaboration between the two automakers.

Eterniti Hemera updated; Eterniti Supercar teased

Eterniti Hemera - updated with a new nose and more back seat space Boutique car maker Eterniti has updated their Porsche Cayenne Turbo custom job – the Eterniti Hemera – before a launch in April 2012 at Beijing, and teased an Eterniti supercar. The Eterniti Hemera first showed itself at the Frankfurt Motor Show this year after a raft of enigmatic teases about a new luxury car brand. And when it turned up it looked just like the Porsche Cayenne Turbo on which it’s based, albeit with some Gemballa-esque mods.