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News watch March 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 30 March 2012• Fiat is suffering from its decision to suspend new product innovation during the recession, argues ANE. It is losing ground on account of delays to its Punto range, which won't be replaced until 2014, and the ageing Bravo, which was launched in 2007 and has no successor in sight (Automotive News Europe)• Mercedes plans to build the new four-door coupe spun off the A- and B-class architecture at its new Hungarian factory (Automotive News Europe)• Opel denies rumours it may sell the Eisenach factory in east Germany where it builds the Corsa supermini (Automotive News Europe)• Mercedes is cutting the time it takes to build a car from 43 hours in 2008 to nearer 30 hours by 2015, according to production boss Wolfgang Bernhard.

Chevy introduces diesel, gas and electric SEMA concepts

Chevy revealed another handful of SEMA projects on Friday. The new, customized cars will join the Silverado Black Ops Concept and the Silverado Firefighter Concept on the stand in Las Vegas on Nov. 5-8.

Volkswagen CrossBlue concept

Volkswagen has unveiled its new CrossBlue SUV concept at the North American International Auto Show in Detroit. Developed specifically for the North American market, if it makes it into production it will sit above the Tiguan and below the Touareg in the VW SUV range. The CrossBlue was designed in Germany under the leadership of VW Group's head of design Walter de'Silva and Klaus Bischoff, the VW Brand's head of design in close co-operation with Volkswagen of America.