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Video: Preview Russo and Steele's auction at Monterey

Monterey weekend is more than just cars on golf courses during the Pebble Beach Concours d'Elegance--there is plenty of auction action, too. Here's a video preview of Russo and Steele's auction with Autoweek digital editor Andrew Stoy and Hagerty's Rob Sass. The Monterey Week is packed with car shows, vintage racing and car auctions.

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.

Volvo develops new energy storage technology

Volvo is looking to make heavy batteries in electric vehicles a thing of the past, unveiling a new technology still under development that could use the body panels of the vehicle to store energy. Everyone knows that right now one of the biggest technological limiting factors of electric vehicles are the batteries. They can be damaged through depletion, they add weight, they use expensive and polluting technologies to manufacture, and they just don't hold as much energy as we'd like.