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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.

Peugeot 308 GT THP 200 (2010): a quasi GTI

Peugeot is 200 years old this month, so what better way to celebrate than launching a 200 horsepower warmed-up hatch. The new 308 GT THP 200 five-door pictured costs £21,995. Not quite as much sparkle as the RCZ, but that's why it's not badged GTI, in the UK at least.

Nissan Sunny

Nissan is reviving its famous Sunny nameplate for a new entrant to the burgeoning Chinese C-segment sedan market. The car will then go on sale globally across 170 countries, under different names dependant of territory. At 4426mm long and 1695mm wide with a 2600mm wheelbase, the Sunny is thoroughly conventional in its dimensions, yet there has obviously been a conscious effort to imbue this three-box sedan with a more monobox aesthetic, following on from the Nissan Ellure concept.