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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.

MINI Vision Concept shines a light on the 2014 MINI Mk 3

The MINI Vision Concept (pictured) previews the arrival of the new MINI Mk 3 in 2014 We’ve had spy shots of the 2014 MINI Mk 3 running around the Interwebs for quite some time, to such an extent that MINI revealed their own ‘spy photo’ of the new MINI earlier this month. But now we get the real deal – or at least the concept version of the real deal – in the form of the MINI Vision Concept revealed by MINI in Munich yesterday. Much of the MINI Vision is covered in a layer of concept frippery, but looking through the toys and flights of fancy, we still get to see a lot of what thye Mk 3 MINI will offer.

Ferrari F12 Berlinetta (2012) - the 599 supercar successor

Ferrari F12 Berlinetta – it's Italian for the new 599 successor. This is the new front-engined V12 supercar from Maranello, ready to be unveiled next week at the 2012 Geneva motor show in a glitzy three-layer Rosso Berlinetta paint colour. As the daddy of the Ferrari range, the F12 Berlinetta is the most powerful road car ever produced by the Italians.