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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%.

Mercedes E 63 AMG S: UK price from £83,740

The E63 AMG S is the extreme version of what is already an extreme car in the E63, with a power boost that takes it from 549bhp to 577bhp – and throws in an extra 60lb/ft of torque for good measure too – and promises real extreme performance. The problem is, getting that power down to the road. In left hand drive markets that’s solved by simply offering the Mercedes 4WD option – 4MATIC – which does a much better job of transferring power to the road than the regular RWD layout.

Roush debuts tuner kit for 2011 Ford Mustang

If the 412 hp from your 5.0-liter Mustang just isn't quite enough, Roush Performance Products has launched the ROUSHcharger tuner kit for your car, boosting output to 550 hp on pump gasoline with more than 470 lb-ft of torque. The kit (part number 421140) has a suggested retail price of $5,999 and is available now. The kit comes with a 90-millimeter pulley and generates an estimated seven pounds of boost.