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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.

Walter de'Silva awarded medal for special services to Bavaria

Walter de'Silva has been awarded a medal for special services to the Free State of Bavaria. Volkswagen's head of group design was told in a letter from the Bavarian state minister of Federal and European Affairs Emilia Müller that he had "changed the form language and design culture of Germany as a vehicle designer," going on to praise his "outstanding achievement with the world-class company Audi". De'Silva says, "I am very pleased about this honor.

'Concept Cars by Bertone' 2014 Degler Calendar out now

‘Concept Cars by Bertone' is the theme of the 2014 Degler Calendar by automotive photographer Pitor Degler Jablonski, which showcases some of the most important and unique prototypes designed by the coachbuilder. Through his photography Jablonski celebrates car design icons such as Nuccio Bertone's own racecar, advanced concepts such as the Stratos Zero and Marcello Gandini's Lamborghinis as well as the recent designs of Mike Robinson, Bertone's current brand and design director. The 12 cars featuring in the 2014 Degler Calendar will be:  1947 Fiat Barchetta 1955 Alfa Romeo Giulietta 1967 Lamborghini Marzal 1968 Alfa Romeo Carabo 1969 Autobianchi Runabout 1970 Lancia Stratos Zero 1976 Alfa Romeo Navajo 1984 Chevrolet Ramarro 1999 Alfa Romeo Bella 2003 Bertone Birusa 2007 Fiat Barchetta 2010 Alfa Romeo Pandion Every year the calendar will carry different themes like carrozeria classics, rally cars or dream cars.