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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.

VW Polo BlueGT at 2012 Geneva motor show

This is the VW Polo BlueGT, just unveiled at the 2012 Geneva motor show. The VW Polo BlueGT is the second most powerful Polo you can buy, but thanks to some clever technology is also one of the cleanest and greenest. VW Polo BlueGT?

Nissan NV200 (2012): London's next taxi cab?

The London black cab is being thoroughly rebooted, and it's Nissan who's challenging the dominance of the traditional black taxi. It's brought a new NV200 London Taxi to the capital during the 2012 Olympics in its bid to replace one of the world's most iconic vehicles. Nissan claims the NV200 cab will be cheaper, greener, and more user-friendly than the current fleet of LTI TX4s, and we may yet see a fully electric version join the ranks if trials are successful.