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Classic vs. Modern, Part One: Porsche 911 Carrera 3.2 or 2012 Kia Rio SX

A recent 220-volt shock administered by the $23K-plus window sticker of a loaded Ford Fiesta rental car made me think about what the same dollars would buy in a classic car, and what the relative cost of ownership would be. My favorite matchup doesn't even require as much coin as said fully accessorized rental Fiesta. The 2012 Kia Rio SX carries an as-tested-by-Autoweek price of $20,745.

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.

BMW M6 Gran Coupe (2013): first official pictures

This is the BMW M6 Gran Coupe. Matching the M6 coupe's twin-turbo powertrain to the 6-series Gran Coupe's slinky body, think of it as a sexier, slightly faster alternative to the three-box M5 saloon. The M6 Gran Coupe is on sale from 25 May 2013, after a Detroit motor show reveal in January.