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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.

Lamborghini Aventador sells 2000 in just 2 years

The 2000th Lamborghini Aventador have been built It really shouldn’t be much of a surprise that the Lamborghini Aventador is selling well, despite a world recession, when we already know that LP700-4 Roadster is sold out until 2014 and that Lamborghini managed to sell 1,000 Aventadors in the first fifteen months of production. Now we learn from Sant’Agata that the Avenatador didn’t just sell well in its first fifteen months, but that it’s continued to power forward since witrh sales of 2,000 in the first two years of production – a figure it took the Murcialago over four years to achieve. The 2000th Aventador – a regular LP700-4 Coupe – is heading for AT&T exec Thaddeus Arroyo who will take delivery of his new car shortly, finished in Nero Nemesis black, and be able to stretch its 6.5 litre V12 sufficiently to get to 62mph in just 2.9 seconds and on to 217mph, performance figures that match hypercars costing two and three times as much.

Aston Martin DBS Volante – up to £60k off as AM struggle to shift stock

The Aston Martin DBS Volante can now be had new for £60k off list as AML struggle to shift stock with the new Vanquish replacing the DBS. The first believes that Aston Martin has reinvented its range of cars with every update over the last decade – just as Porsche has with the 911. The other, perhaps the most prevalent, is that every Aston Martin we have now is a work of art, but basically the same car it was a decade ago.