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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.

Mercedes' production Bluetec diesel SUVs

By Ben Pulman First Official Pictures 13 March 2008 17:14 Europe loves diesel, America doesn’t, so welcome to the US-only Mercedes Bluetec SUVs. The R, ML and GL 320 Bluetec diesels will be launched in America in autumn 2008, but won’t be coming to Europe yet. The three SUVs, which Mercedes claims come with the world’s latest and cleanest diesel engine, may not even make it to the UK.  All three come with a 3.0-litre diesel engine that has revised piston crowns, a lower compression ratio, and a new turbocharger and ECU.

2013 Astra Convertible spied on video – The new Vauxhall Calibra / Opel Manta?

2013 Astra Convertible Spy Vauxhall and Opel have now managed to reveal much of the new Astra Model range – with the Astra GTC debuting at Frankfurt last month being the latest – but there’s still the drop-top Astra Convertible to come. The 2013 Astra Convertible – which may arrive as the new Vauxhall Calibra – has been caught on video testing ahead of an expected debut at Paris in 2012, before going on sale across Europe in 2013. Looking very much like the GTC with a cloth top, the new Astra Convertible loses the tin-top of the old model and gets a folding canvas top in the name of economy, lightness and dynamics.