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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.

'Concrete glimpse' of near-future Audi technology

THE “near future” of Audi design and powertrain engineering has been unveiled ahead of the North American International Auto Show (NAIAS) in Detroit. The Allroad Shooting Brake show car will premiere an exciting new high-powered petrol-electric plug-in hybrid drivetrain and a development of the firm’s current design language. It is expected that the Allroad Shooting Brake will form the basis for future Q-badged models as well as a potentially expended Allroad range.

SMS Supercars releases illustrations, pricing for go-fast Mustangs

SMS Supercars released illustrations this week of its new performance Mustang, which will start at $64,990 for the coupe. SMS is Steve Saleen's new venture, and it is planning two main versions based on the 2010 'Stang. A 470-hp model, the SMS 460, is the “base” car, and a convertible version is $69,990.