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Nissan Pivo 3 concept (w/ Video)

The Nissan Pivo 3 will make its world debut at the Tokyo motor show later this month. You may remember the previous Pivo concepts featured a rotating, spherical cabin, which sat atop a square base whose four wheels allowed it to move in any direction. This Pivo is different in that its cabin is fixed and also (relatively) more car-like, with a design language that is now recognizably Nissan.

Mercedes-Benz E63 AMG wagon headed to North America

Mercedes-Benz officials confirmed on Thursday that the 2012 E63 AMG wagon will be part of the North American lineup. Slated to arrive in October, the high-performance wagon will get the same 5.5-liter twin-turbocharged, direct-injection V8 that debuted in the 2012 E63 AMG sedan at the New York auto show in March. It produces 518 hp and 516 lb-ft of torque.

Toyota hands over small-car development to its European unit

Toyota Motor Corp.'s European division next month will take charge of global product planning for small cars as the Japanese automaker expands model research and development in the region. The change, announced Dec. 17, means that Toyota will count on Europe to develop future products in the minicar, subcompact and compact segments, something that Ford Motor Co.