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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.

2013 Mercedes-Benz SL previewed by leaked brochure

Here's the image that has the Web abuzz today--an apparent brochure scan of the 2013 Mercedes-Benz SL distributed by a European automotive site. Design cues reminiscent of the SLS AMG are unmistakable, and the new SL also takes on a fairly prominent iteration of the corporate front fascia. Underneath, Mercedes is promising a new aluminum architecture that will save weight while boosting rigidity.

Essen Motor Show 2013: in pictures

After the corporate seriousness and Germanic efficiency of the Frankfurt Motor Show, the Essen Motor Show is an altogether more relaxed affair. Albeit one delivered with the same level of German efficiency. It's the perfect show for the run-up to Christmas, with wild concepts and weird creations from the custom and tuning industry.