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Hybrid Porsche 911, Cayenne Coupe, turbo four and more coming soon

Fiat Chrysler Automobiles outlined its plans for the next five years on Tuesday. Not to be outdone, Porsche revealed some interesting tidbits about the next three years on Thursday. To start: Porsche will produce several 700-hp hybrid versions of its Panamera sedan and stalwart 911.

Brazilian students develop soapbox racers for Volkswagen

Brazilian design students have competed for year-long internships at Volkswagen's Brazilian design studio by designing – and racing – soapbox cars. Established 15 years ago by Volkswagen South America design director Luiz Veiga, the Volkswagen Design Talent Contest refreshed its format for 2013 by challenging students to develop a prototype for a gravity-powered soapbox racer instead of asking for sketch and render-based proposals. According to Veiga, Volkswagen was looking for someone "capable of working away from the desk and able to create design solutions, assess and build them".

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.