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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.

Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.

The Smart Car has competition – Perhaps!

La Smorsche - the next Smart Car rival?! But where do Supercar makers go with this? Bentley is trying to go down the Bio-Fuel route as an option, and SSC are pursuing the EV route with their latest offering.