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News watch March 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 Friday 30 March 2012• Fiat is suffering from its decision to suspend new product innovation during the recession, argues ANE. It is losing ground on account of delays to its Punto range, which won't be replaced until 2014, and the ageing Bravo, which was launched in 2007 and has no successor in sight (Automotive News Europe)• Mercedes plans to build the new four-door coupe spun off the A- and B-class architecture at its new Hungarian factory (Automotive News Europe)• Opel denies rumours it may sell the Eisenach factory in east Germany where it builds the Corsa supermini (Automotive News Europe)• Mercedes is cutting the time it takes to build a car from 43 hours in 2008 to nearer 30 hours by 2015, according to production boss Wolfgang Bernhard.

The Chevrolet Stretch? Collegian's idea takes top prize in design contest

Ever heard of the Chevrolet Stretch? It's a two-seat urban mobility vehicle that runs on electric power and is meant to navigate the congested streets of places like Mexico City in 2046. It looks sporty, can be expanded to seat four—hence the name—and was designed to be fun to drive.

Michelin Challenge Design 2009 preview

Michelin has released details of three more contenders which will be displayed at the Michelin Challenge Design exhibit at the 2009 NAIAS next week. The stand will feature 11 scale models and 24 two-dimensional drawings that were selected by a jury of top automotive designers. Among these are Raquel Aparicio’s Soft Vehicle, Fernando Gomez’s Packard concept and Niels Grubak Iversen and David Goncalves’ Phoenix concept.