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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.

Toyoto Aygo goes Black and Blue

The Aygo was launched back in 2005, as a sub-Yaris city car, and has carved a justifiably successful niche for itself across Europe, selling more than 100,000 in the process. As with all Toyotas it’s well built, and is actually a pretty nimble car with fun driving dynamics. Toyota Aygo updated for 2009 with new additions - The Toyota Aygo Black and The Toyota Aygo Blue The 2009 Aygo gets a few tweaks to improve fuel economy and emissions (now 106g/km) and a few body tweaks, including a re-sculpted nose.

Jaguar C-X16 (Jaguar XE) Driving Video

Jaguar C-X16 Driving Video Jaguar is making the most of their new small sports car – the Jaguar C-X16 – as it builds onwards and upwards from the début of the C-X16 at Frankfurt last week to the launch of the production car – probably the Jaguar XE – late in 2012 or early 2013. We had rafts of information and photos – and a short video – when the C-X16 bowed in last week, but now we get a more revealing driving video showing the interior and exterior of the C-X16 in more detail, and some driving footage on incredible roads too. Yes, we were a little underwhelmed by the direction the design of the C-X16 has taken – more conservative than we would have liked to have seen – but we have no issues with the design per se – it’s a stunner.