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News watch February 2012: today's auto industry news
Wed, 29 Feb 2012Welcome 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-Benz E-class family gets a wagon
Tue, 04 Aug 2009The redesigned Mercedes-Benz E-class family is growing with the upcoming release of the wagon body style. The E-class wagon will get its formal debut next month in Frankfurt, but Mercedes-Benz has released photos. And, there's some info for U.S.
Citroen Numero 9 'will influence all future DS models'
Thu, 26 Apr 2012Citroen's Numero 9 concept car previews the new face of all future DS cars from the French manufacturer, the design chief told CAR. Thierry Metroz, director of design in Paris, said the Numero 9 was an ideas car, but admitted it would influence the look of production cars in the near future. 'Look very closely at the grille - it is much more three-dimensional,' he said.
