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News watch February 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 Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe)  • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.

Game Changer? Ford has high hopes for '11 Explorer

Ford wants you to forget everything you know, or think you know, about its Explorer. The company has high hopes for its all-new SUV, and rightfully so. It's one of the most recognizable nameplates in the auto industry with, according to Ford, a 95 percent name-recognition rate.

Mercedes GL63 AMG (2012) first official pictures

These are heady days for fans of AMG-powered Mercedes SUVs. Hot on the heels of the new ML63 and G63, Mercedes has unveiled a souped-up version of its biggest off-roader: the GL63 AMG. What sets the GL63 AMG apart from standard GL models?