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Renault turn central London in to a full-size Scalextric for the Zoe EV (video)

The Renault Zoe Scalextric cars turn on to the Embankment Even those who have never driven an electric car probably have if we count childhood exploits with Scalextric; hand-grip controllers clenched in hand seeing how fast you can go before your car tips off in a bend. So Renault decided it would be a good idea to create a full-size Scalextric track in central London, modify a pair of Renault Zoe EVs to slot in to the newly fabricated track and blat the cars round the 1.9 mile track in London controlled by competition winners from a helicopter hovering overhead. The race sees the two Zoes go head-to-head on the Scalextric track, starting out on the South Bank by the London Eye, over Westminster Bridge, past the Houses of Parliament, down the Embankment, up The Strand, over Waterloo Bridge, round the IMAX and finishing alongside the Thames at the finish line.

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.

Who's Where: Frank Stephenson appointed Director of Design for Alfa Romeo

Frank Stephenson began his new position as Director of Design at Alfa Romeo today, CDN can reveal. Stephenson left his role as Head of the Fiat, Lancia and Commercial Vehicle Styling Center last month and is now effectively filling a role that has been unoccupied since Wolfgang Egger left to become head of Audi's Style Center. Since Lorenzo Ramaciotti has been recently appointed to a newly created position as Cheif of Design at Fiat, Stephenson's previous position is now vacant.