Tesla plans to reveal what the highly anticipated, and affordable, Tesla Model 3 will look like. In an earnings call the company's CEO Elon Musk also said Tesla will take wraps off the Model 3 sometime in March of 2016 and release it in late 2017. The car will be about 20% smaller than the large-car category Model S. Last and most important is price: Tesla wants to bring the Model 3 in at around $35,000.

The Wendy's Co. plans to open 80 restaurants this year - its highest number of openings in eight years - as it continues to sell restaurants to franchisees. Wendy's is on track to refranchise 640 restaurants in the U.S. and Canada by early next year, the company said Wednesday. It also said it would sell its bakery by the end of the month and use different suppliers for its sandwich buns.

Booming North American sales and big foreign exchange gains powered surging profits at Toyota Motor Corp. in the latest quarter while propelling record full-year earnings. Operating profit jumped 46% to 635.7 billion yen ($5.31 billion) in the carmaker's fiscal fourth quarter ended March 31, compared with 436.1 billion yen ($3.65 billion) a year earlier, the company said today.

Retailers can influence where consumer on social media spend their money, according to a new report from retail services firm Interactions. Most shoppers want retailers to connect with them through social media. A report says 75% of social media users expect retailers to have a social media presence, and 42% prefer to shop at retailers that connect with them through social media over retailers that do not.

Errol Brown, the lead singer for the British band Hot Chocolate and the writer of the band's indelible disco hit "You Sexy Thing," died on Wednesday at his home in the Bahamas. He was 71.The song was heard in the film "Boogie Nights" (1997) and in commercials for Dr Pepper and the Chevy Silverado. The Chevy commercial was shown during the 2014 Super Bowl.

Remember the Kardashians? You know, the people who are important, though scientists haven't quite figured out why? Sears Holdings Corp. says its breakup with the Kardashian family reflects its shift toward private-label brands and clothing that's more responsive to fashion trends. Bye-bye Kardashian Kollection clothing line, which had been sold by the chain since 2011.

Count on big royal news to light a fire under UK advertising. Especially when it's a royal baby. With the arrival of Princess Charlotte, the Duke and Duchess of Cambridge's second child, on Saturday, brands like British Airways, Coca-Cola, Nissan and Warburtons all got in on the act with images created for a social media audience. British Airways' ad shows, ahem, an airport "Arrival" board. Time: 08:34. Flight: "It's a girl." Destination: London. Duh.

McDonald's is bringing back the Hamburglar, but as a real person. In a 30-second spot the company released on its Twitter account, a suburban dad is shown grilling in the back yard in the Hamburglar's black-and-white stripes. We get hints that he's no ordinary guy: the way he handles the spatula, his special burger watch, and his reaction to hearing an ad on the radio for McDonald's sirloin third-pound burger. The caption: "Wait, is this who we think it is??!"

Oscar-winning actress Reese Witherspoon has launched Draper James, an online store. It includes women's clothing and accessories, stationery and home decor. Witherspoon says on the site that she named the brand for her grandparents, who showed her the charm of "gracious Southern living." The actress says in a video that the collection is "inspired by my romance, my love of the South combined with the modern woman that I am today."

Sales of battery-based vehicles have lagged well behind industry expectations. The good news is that buyers of these vehicles are both younger and more affluent than those buying comparable gas-powered models. Beyond ethical considerations, owners of Ford Focus Electric and Toyota Prius Plug-in are attracted by the great deals manufacturers like Ford, General Motors, Toyota and Honda have been offering in an effort to build momentum for their electrified models, according to research by auto data firm TrueCar.com.