One Lap of the Web: a 12-year-old with three Ferraris, burning Porsches and old futuristic cars

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- Meet a 12-year-old kid who owns three Ferraris.

Nissan to slash jobs, production after forecasting $2.9 billion loss

Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode on Monday. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back model launches and delay new factories.

Apple Watch users warned

IN THE wake of the new Apple Watch's arrival, early-adopters are being warned that using it while driving could be a deadly mistake that lands them in jail. Smart watches can issue regular updates from internet services, apps and the user’s mobile phone, but the Institute of Advanced Motorists (IAM) is urging people to turn them off while at the wheel. In a statement the IAM said: “The latest piece of wearable technology from Apple will allow users to make and receive calls, check their messages and monitor their health by operating the device on their wrists.