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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.

Auto Express New Car Awards 2014 winners announced

Which are the best new cars on sale? Well, the experts at Auto Express let their views known at Auto Express New Car Awards 2014 last night. Some of the results were easy to predict, whereas others were something of a surprise.

Mercedes GLA goes in to production in Germany

The Mercedes GLA (pictured) goes in to production The new Mercedes GLA – Mercedes’ latest spin-off from the A Class – arrived at the Frankfurt Motor Show in September as an urban SUV come Crossover, extending Mercedes reach in the premium compact sector with a serious competitor in the urban SUV market. With the growing fondness for high-riding cars – and something that’s a bit butch too – the SUV/Crossover take on the Mercedes A Class is a sound way to go and now, with production starting in Germany this week of the new GLA, Mercedes is getting close to having the GLA in customers’ hands. The first GLAs to get in to the hands of customers will probably be the GLA Edition 1 – a launch model with plenty of toys – but the model that will perhaps be most interesting is the GLA 45 AMG, with the promise of the same rufty-tufty compact SUV goodness as the rest of the range but with the 4WD platform and high performance 2.0 litre Turbo from the A 45 AMG.