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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.

Fifth Gear on TV – the Return

Fifth Gear Returns to TV in April with a new format Fifth Gear was everyone’s second favourite car show on TV. And that second favourite label seemed to be its undoing when FIVE decided last year to ditch the show after it failed to make any impact on the ratings against everyone’s favourite car show on TV – Top Gear. But FIVE (channel five if we ditch the trendy CAPITALS) have had a change of heart, done a syndication deal or two for Fifth Gear and are putting together a new series (they’ve actually commissioned two of them) which should hit TV screens at the end of next month.

Mazda Kiyora concept

Mazda has released these images of the Kiyora compact urban concept car the automaker will reveal at the 2008 Paris Motor Show. Based on an all-new platform designed to maximize weight reduction, the Kiyora is claimed to represent the harmony between driving pleasure and environmental and safety features. Meaning 'clean and pure' in Japanese, the concept of 'Kiyora' helped the designers to imagine a city car cutting cleanly through an urban landscape, with water as the design theme.