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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.

Land Rover considers smaller SUV

Land Rover could add a luxury SUV below the compact-sized Range Rover Evoque, the brand's design director said. "Certainly, I think we can go smaller," Gerry McGovern told Automotive News Europe when asked about future plans for the premium Range Rover line. "In a world focusing on sustainability you could argue that smaller and lighter is the way to go." Range Rover is not the only brand considering a subcompact premium SUV.

Former Ford exec Theodore shows off lighter chassis at SAE

Automakers are facing tougher government regulations for fuel economy, and one former Ford and Chrysler executive says he has a solution Chris Theodore, best known for his work on the Ford GT and Dodge Viper, has designed a vehicle chassis that he says will provide automakers with weight savings, cut manufacturing costs and make electric vehicles more economically viable. Theodore is showcasing his proof-of-concept Uni-Chassis at the SAE World Congress this week. It uses the powertrain and suspension of the GT, under an agreement with Ford.