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News watch May 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 1 June 2012• Peugeot-Citoren has been hit hardest by a 17% drop in overall domestic sales during May. PSA saw a 28% fall in sales, with Renault suffering a 14% decline, and Fiat 21%.

Bugatti Veyron Super Sport speed record cancelled by Guinness

The title of the world’s fastest car held by the Bugatti Veyron Super Sport has been removed from the Guinness World Records. But, nearly three years on from when the Veyron Super Sport achieved its world record run of 267.81mph, Guinness World Records have decided that it’s invalid. It seems the heirs to the McWhirter twins have discovered the Veyron Super Sport Bugatti used for their record setting run wasn’t a standard production car, but that Bugatti had removed its speed limiter.

Audi A2 electric concept heads for Frankfurt

Audi A2 Concept EV - Frankfurt bound The last Audi A2 was perhaps the only real failure for Audi in the last twenty years. But that hasn’t stopped them reviving the moniker and attaching it to a new concept heading to Frankfurt – the electric Audi A2 Concept. Audi say the A2 concept has an electric-only powertrain, which sadly means they are not pursuing the elegant range-extender solution with a Wankel engine they showed in the A1 e-Tron at Geneva last year.