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Porsche 911 Targa revealed - MSN scoops the new, retro 991

This is the first chance to get a full view of the new 2014 911 Targa that Porsche is set to officially launch at January’s Detroit Motor Show. MSN has obtained imagery of the new 991-generation Targa (inset above) and it reveals that the firm is going back to the future with a car that returns to the original Targa style that first appeared back in 1966.

BMW unveils its 2012 Olympic Games pavilion

BMW has unveiled its new pavilion for the 2012 Olympic Games in London. The winning design came from British architects Serie after bids from six companies. As the sole automotive sponsor, BMW is allowed to build a pavilion at the Olympic Park during the London 2012 Olympic & Paralympic Games and it expects to draw 8000 visitors a day.

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.