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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.

Volkswagen Tiguan unmasked

By Jack Carfrae First Official Pictures 29 June 2007 02:47 Volkswagen Tiguan. We’ve seen this before, haven’t we? We have indeed.

Holden Hurricane returned to glory

Holden, the Australian arm of General Motors famous for its thumping V8-powered super-saloons, has lovingly restored its first-ever concept car from the late 1960s. Debuting at the 1969 Melbourne Motor Show, the sleek Hurricane concept was a mid-engine, rear-drive, two-seat sports car that embodied a variety of conceptual technologies that were years – decades even – ahead of its time. The Hurricane featured a digital instrument display, station-seeking radio and automatic temperature control air conditioning.