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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.

Hyundai ix35 / Tucson ix launched

Hyundai has launched the ix35 / Tucson ix in Korea We reported a few days ago on the new Hyundai Tucson – the Hyundai ix35 in Europe – but we won’t get the release in Europe until Frankfurt, although there will be more dribbles of info before then. Still, interesting to look at the ix35 launch in its home market, where it will be known as the Hyundai Tucson ix. This is yet another car from Hyundai that will create a few waves of consternation amongst established names like Ford and VW.

Chrysler's product plan: Tweaks, then tidal wave

Chrysler Group's product renaissance is a drama in two acts. First, the company is breathing new life into its existing lineup. Highlights include the redesigned 2011 Jeep Grand Cherokee, which the automaker started shipping to dealerships in early July, and the re-engineered and restyled Chrysler 300 and Dodge Charger rear-drive sedans, both coming in the first quarter of 2011.