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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.

Aston Martin One-77 WILL Show at Geneva

Aston Martin One-77 WILL Show at Geneva today [ad#ad-1] Autoblog are reporting this morning that our news last week that we’d seen the real Aston Martin One-77, and therefore concluded it was going to show at Geneva, are right. The Aston Martin One-77 is going to be previewed later today at the Motor Show in Geneva. It features a highly tuned (by Cosworth) version of Aston Martin’s Ford derived 6,0 litre V12, which has been enlarged to 7.3 litres.

Nissan 370Z Roadster (2009): full official photos

By Tim Pollard First Official Pictures 07 April 2009 22:01 Nissan has released its full official photos of the new 370Z Roadster in New York ahead of its debut at the 2009 auto show. As expected, it's a straightforward decapitation of the thrill-seeking 370Z Coupe, with a good, old-fashioned canvas soft-top in keeping with the Zed's no-nonsense character.There's structural reinforcement in the A-pillars and side sills to counter the lack of roof, but Nissan says numerous body panels are made from aluminium to keep weight in check. The bonnet, door panels and bootlid are all crafted from the lightweight metal and there are individual, fixed roll bars behind each seat.Providing the fun is the 327bhp/270lb ft 3.7-litre V6 with variable valve lift and the choice of a seven-speed auto or six-speed manual transmission.