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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.

Toyota Auris Hybrid, Prius Plug-in Hybrid, Land Cruiser and iQ (2009): first official pictures

By Tim Pollard First Official Pictures 02 September 2009 13:25 Toyota has announced its line-up for the 2009 Frankfurt motor show – and it’ll be led by a new hybrid version of the Auris hatchback. The Hybrid Synergy Drive tech from the Prius has squeezed under the bonnet of the Auris to make a new, cleaner hatch and extend the Japanese firm’s lead in petrol-electric tech. It won’t be just a battery-powered Auris on show, however.

SS safe for Chevy under Reuss's watch

From 1960s Chevelles to modern Camaros, speedy Chevrolets have always been identified with two letters: SS. But does the tradition-laden performance designation have a future in the new General Motors, which is under pressure to cut costs, make money and meet stricter fuel-economy regulations? “Absolutely,” Mark Reuss, GM vice president of global engineering, told AutoWeek.