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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.

Peugeot Design Contest 2008

Carlos Arturo Torres Tovar from Colombia was last week announced as the winner of the 5th annual Peugeot Design Contest at the 2008 Mondial de l'Automobile in Paris. The 25 year old designer's winning 'RD' concept was chosen via an online internet poll and a competition jury headed by Peugeot's Managing Director, Jean Philippe Collin. This year's contest asked designers to "Imagine the Peugeot in the worldwide megalopolis of tomorrow" and to then design a car that could evolve with the cities of the future, while retaining the key values of the 21st century.

Saab: Is India’s Mahindra in the hunt for bankrupt Saab?

India's Mahindra in the hunt for Saab? It’s reported that a representative of a ‘Large Indian Car Maker’ has been rebuffed by the Saab receivers. Victor Muller finally gave up the task of trying to keep Saab in business just before Christmas and filed for bankruptcy.