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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.

Renault confirms new standalone coupe model

Renault has confirmed that it’s working on a new coupe model, to sit above the Megane Coupe, but to be sized and priced below the existing Laguna Coupe. Work only began late in 2010, but there will be a Renaultsport version and the Alpine name may feature. What do new know about this new Renault coupe?

Top Gear: Rapide, Panamera & Quattroporte four-seat supercars tonight

Rubens Barrichello and Rupert Grint on Top Gear tonight Another week flies by and we’re almost half way through the latest series (Series 15) of Top Gear. Episode 3 tonight at the normal 8pm on BBC2. Although there’s a fair chance the footballists amongst you will be sticking TG on Sky+ and watching the World Cup.