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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 ix20

Hyundai has revealed the first images of its new ix20, a new B-segment MPV that will join the Korean automaker's product range in Europe later this year. Following on from the ix35, the ix20 is the second European car to adopt Hyundai's new 'fluidic sculpture' design language.  The new car, which will make its official debut at the Paris motor show, has been designed and developed at Hyundai's European R&D center in Rüsselsheim, Germany, under the direction of Thomas Buerkle. The car's name is said to reflect the new model's crossover-like versatility, which combines functionality with sportier driving dynamics.  Hyundai claims the ix20 aims to steer away from the boxy minivan image typically associated with the segment and appeal to buyers with young families.

Work travel statistics revealed

MORE THAN THREE in five people get to work by car or van, with motorised journeys most popular in Wales, according to figures highlighted by the RAC Foundation. While only 29.8% of Londoners reach offices and workplaces by car or van, the figure for Welsh workers is as high as 74.2%. The East Midlands (71.7%) and the West Midlands (71.1%) also have an above-average number of workers who commute by car or van, with the overall average for England and Wales being 62.7%.