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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.

Last-of-the-line Rover Mini Cooper for sale on eBay

The second-generation ‘new’ MINI Cooper may have just gone out of production, but you can still pick up a new one for £14,900. Alternatively you could wait for the third-gen MINI coming later this year, with prices starting from £15,300. But without wishing to sound too much like Chris Tarrant, we don’t want to give you either of those.

2014 Nissan Pathfinder Hybrid to start at $35,970

Nissan has released pricing for the Nissan Pathfinder Hybrid range for the 2014 model year. The Hybrid version of the Pathfinder is all new for 2014, and it will be offered in a total of six versions. All Pathfinder Hybrid models use a supercharged 2.5-liter V6 gasoline engine paired with an electric motor, which draws power from a compact Lithium-ion battery.