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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.

Chevrolet could bring bargain Aveo RS hot hatch to UK (2013)

Aside from the retro Camaro muscle car and new Corvette, Chevrolet’s car range doesn’t drum up a huge amount of lust in the UK – but a snippet of news from Down Under got us thinking that could change. Chevrolet’s fellow GM brand Holden has announced it’s going to sell an Australian-market version of the Sonic RS hot hatch, badged as the Barina RS. Why does that matter us?

Rolls Royce 102EX: Electric Phantom revealed

Electric Rolls Royce Phantom Rolls Royce has taken the wraps of its experimental electric Phantom at  Geneva – Rolls Royce 102EX –  and they certainly haven’t done things by halves. Rolls Royce engineers have taken the regular engine out of the Phantom and replaced it with a pair of electric motors rated at 145 kWh and possibly the biggest lithium-ion battery bank on four wheels. The Phantom EV uses five lithium-cobalt-manganese-oxide (or NCM) pouch cells which form the shape of the engine and live under the bonnet.