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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.

Ford Escape (2011) - first pictures of the new Kuga

Ford is bringing its One Ford mantra to bear in the SUV sector for the first time - so this new Escape will in turn mutate into the next Ford Kuga for Europe. We're expecting the new Kuga in late 2012, with UK sales slated for spring 2013. Ford Escape: a mix of Vertrek and Kuga The new Escape 4x4 has heavy overtones of the Vertrek concept car, yet Europeans will be familiar with the Kuga motifs at play.

BMW 4 Series Gran Coupe (2015) revealed in patent pics

The BMW 4 Series Gran 4 Coupe is proof that BMW is continuing its efforts to fill every imaginable niche. It's a four-door version of the 4 Series coupe, which itself is based on the 3 Series saloon, and adds to a bewildering array of machines stemming from the F30 3 Series. Officially the 4 Series Gran Coupe, revealed in full in these images from the firm’s design patent, is given the ‘F36’ codename and is expected to be officially unveiled in early 2014. It joins the F30 (3 Series saloon), F31 (3 Series Touring), F32 (4 Series Coupe), F33 (4 Series Convertible), F34 (3 Series Gran Turismo) and F35 (3 Series long-wheelbase saloon) to complete the range of body styles.