Nissan GT-R Nismo confirmed as Nissan opens new Nismo HQ

Nissan has opened a new Nismo HQ in Yokohama and confirmed that there will be a Nissan GT-R Nismo flagship performance car built. So far, we’ve had the Nissan Juke Nismo arrive and the Nissan 370Z Nismo turned up recently too as a production model for the UK and Europe – and we’ve even had a concept of a LEAF Nismo – so we know Nissan are serious about offering Nismo versions even on their least sporty models. But the one car that really doesn’t need a Nismo version is the GT-R, yet to have a range of performance cars under the Nismo banner without having the mighty GT-R at the top of that range would seem odd.

Honda introduces GEAR concept in Montreal

We already know that Europe often gets better cars than we do in the United States, but now Canada is getting in on the action, too. At the press days of the Montreal International Auto Show, the Japanese company introduced the Honda GEAR Concept. The car is reportedly inspired by fixed-gear bicycles -- gag me with a spoon -- and Honda says it's simple, utilitarian, but also customizable.

Chrysler posts $239 million operating profit, raises forecast

Chrysler Group posted an operating profit of $239 million in the third quarter and raised its outlook for the balance of the year in anticipation of stronger sales and improved operating performance. The results, released Monday, marked the automaker's third straight operating profit. Chrysler's third-quarter net loss was $84 million, down from $172 million in the second quarter.