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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.

Chevrolet sets base price for the 2011 Camaro convertible at $30,000

The price of the 2011 Chevrolet Camaro convertible when it hits showroom floors in February will be $30,000, including an $850 destination charge, General Motors said on Thursday. The price is about $2,000 more than a similarly equipped Ford Mustang convertible. The Camaro convertible will be available in the same trim levels as the coupe version.

CCS-AISI Project 2008

The College for Creative Studies (CCS) recently celebrated 20 years of partnership with the American Iron and Steel Institute (AISI).  Illustrating that environmental responsibility needn't come at the expense of design, power or desire, three students created their individual vision of a "Green Steel" concept car, resulting in the Lincoln Continental, Mazda Hyoryu and Mitsubishi Synthesis. Considering the current energy and environmental global crisis, the students involved in this project took the opportunity to re-think mobility for the year 2040 by developing innovative adaptations for automobiles and proposing a more humanistic approach to transportation.  Mitsubishi Synthesis Dave Owsen This automated 'travelling entertainment center of the future' bridges the gap between public and personal transportation. Utilizing the city traffic tier of the transportation network for navigation, the vehicle also creates a brand media experience for young urban commuters, combining elements of transportation and entertainment.