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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.

BMW 1 Series M Coupé hooning on the world’s highest helipad

BMW 1M Coupe hooning on a Helipad in LA The BMW 1 Series M Coupe may have had a rather difficult gestation – certainly in terms of its name – but it’s making its presence felt now it’s here. Earlier this month we had a video of the 1M Coupe playing ‘Hole in the Wall’ on a desert road with concrete blocks with 1m Coupe cut-outs. All CGI, but very entertaining nonetheless.

Toy Taurus SHOs arrive in time for the holidays

With the holiday season upon us, enthusiasts are looking for ways to broaden their collections without breaking the bank. To that end, an Indianapolis company is making the Taurus SHO a bit more accessible. GreenLight Collectibles is offering 1:24 scale replicas of the reborn Taurus SHO in the factory-correct paint schemes of red candy (limited to 756 copies), tuxedo black (504 units) and ingot silver (504 units).