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News watch December 2011: 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-hourFriday 30 December 2011• Fisker has recalled all 239 Karma plug-in hybrids manufactured between 1 July and 3 November this year to fix a glitch in its battery. Supplier A123 Systems says the problem affects the battery's cooling system, but Fisker is adamant no customers have complained and this is a precautionary step (Automotive News)• Supplier Continental says business looks brisk in the first quarter of 2012, thanks to strong demand in the US and Asia (Automotive News Europe)• Toyota chief executive Akio Toyoda is gradually changing the culture at Japan's biggest car maker, according to the Detroit News.

USED CAR PRICES FIRMER THAN IN SUMMER

USED CAR prices were firmer across most sectors between September and November than the previous 3 months, according to the used car pricing experts, CAP. The CAP Used Car Price Index also reveals an increase in values for 4x4s over the period while convertibles are hitting the doldrums. A reduction in the number of used cars available overall, at the benchmark 3 year old point, is helping to keep prices relatively stable in most cases.

Ferrari FF first year's production sold out

Ferrari S.p.A. said the first year of production of its new FF is sold out and customers who order the model now will receive their cars in the second half of 2012. Ferrari will limit production of the four-seat FF, the luxury sports car maker's first four-wheel-drive model, to 800 units a year.