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News watch December 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 31 December 2012• Despite reports earlier this month that shareholders valued Mercedes-Benz at half that of its luxury rival BMW, Mercedes CEO Dieter Zetsche has remained bullish about his ambitious targets for the carmaker's growth. 'I am confident that we will be ahead of our rivals by 2020 at the latest,' he told German newspaper Boersen-Zeitung in an interview.

Audi TT speedster 'will be built'

By Tim Pollard Motor Industry 20 May 2008 12:15 Audi will build a limited production run of the TT speedster we scooped last week, CAR Online can reveal. The company is planning to make between 50-100 of the chop-top TT especially for the Middle East market. Although spokesmen in Europe have denied any production plans for the unusual open-top TT we spied on test in southern Germany, Audi's marketing director for the Middle East, Bernd Rosenbichler, told us they were planning a small production run for enthusiasts in hotter climes.'We have been asked [by Audi AG] if we could imagine bringing this car here,' he told CAR.

Kia CUB revealed: Seoul Motor Show 2013

The Kia CUB Concept has been revealed at the 2013 Seoul Motor Show as a four door coupe powered by Kia’s 1.6 litre Turbo. Still, the CUB is a concept so a little bending of reality is the norm, and the CUB seems a perfectly sensible concept for Kia to be delivering,  tapping as it does in to car buyers’ penchant for funky urban crossovers. Although we’re not entirely sure there’s a country mile in intent between the CUB and the Kia Provo we saw at Geneva.