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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.

Over the last decade, compact cars have ballooned in size. How much? On average, compact cars sold in the U.S. are 549 pounds heavier and sit on a wheelbase that's 6.4 inches longer than those sold here ten years ago, according to analysis by Edmunds.com. With that added weight comes the need for more power and today's compacts pack an average of 64 more tire-spinning horses than those built a decade ago. Edmunds' AutoObserver senior editor, Bill Visnic, explained the reasons for the inflated co