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News watch May 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 1 June 2012• Peugeot-Citoren has been hit hardest by a 17% drop in overall domestic sales during May. PSA saw a 28% fall in sales, with Renault suffering a 14% decline, and Fiat 21%.

Electric Mercedes B-Class for China

Mercedes B-Class is the basis for new China BEV Back in March we reported that Mercedes and Chinese car maker BYD – they of the high-end battery technology – were getting cosy with plans to launch a new car make in China. And it looks like the first product on the list will be a BEV (battery electric vehicle) based on the current – soon to be repalced – Mercedes B Class. Which makes a lot of sense.

A first look at the Audi TT RS plus

Audi is taking aim at the new Porsche Boxster and its yet-to-be-revealed sister model, the upcoming second-generation Cayman, with a spectacular 174-mph version of the TT RS, pictured here officially for the first time. Called the TT RS plus, the powered-up coupe and roadster pairing is set to join what is shaping up as a formidable display of new Audi models--including the third-generation A3 and the RS4 Avant--at the Geneva motor show in early March. The centerpiece of the new range-topping TT is a tuned version of Audi's turbocharged 2.5-liter, five-cylinder direct-injection gasoline engine as used by the go-fast TT RS, the RS3 Sportback and the limited-production A1 quattro.