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News watch August 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 31 August 2012•European car sales continue to struggle, down 8.2% in July. Spain, europe's biggest market, saw sales frop the most, by a massive 26%.

Italdesign to unveil fast but frugal hybrid car at Geneva motor show

Italdesign Giugiaro will unveil a concept for a fast but fuel efficient hybrid coupe at the Geneva auto show. The Italian design and engineering company says the two-seater can reach a top speed of 186 mph (300 kph) and accelerate from 0 to 62 mph in less than 4 seconds. The still unnamed concept will travel 117 miles on a gallon of gasoline, Italdesign says.

Alfa MiTo Quadrifoglio Verde gets a tweak and a tickle

2011 Alfa MiTo Quadrifoglio Verde - cosmetic tweaks & new toys The Alfa MiTo Quadrifoglio Verde already sits at the top of the very appealing MiTo range, but that hasn’t stopped Alfa spreading more Alfa goodness across its bows for the new 2011 model year cars. Don’t get too excited that the tickles include power upgrades – they don’t. But when the MiTo Quadrifoglio Verde already boasts one of the best Alfa engines for a long time – the 1.4-litre TB Multiair – that’s not too much of a disappointment.