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Joint venture Chery Quantum Auto – owned by China's Chery Automobile and Israel Corporation – will reportedly export three compact vehicles to Europe in 2012. Austrian supplier Magna Steyr will be tasked with developing the vehicles, according to Financial Times Deutschland.

Cerberus has opened up the corporate wallet, and Chrysler is spending the cash to infuse their lineup with alternative powertrains. New Chrysler product boss Jim Press told the Detroit News that diesels, hybrids, plug-in hybrids, and diesel-hybrids are among the technologies "in the mix," and that every vehicle will eventually have an alternative to the gasoline combustion engine. Full electric and hybrid-only models are also on the table, as Chrysler looks to shift away from the heavy, fuel thi