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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.

GM to seek another shared Toyota model to replace Vibe

Even as it shrinks its North American product portfolio, General Motors is negotiating with Toyota Motor Corp. to determine a new GM product to be jointly produced at the automakers' 50-50 joint venture, New United Motor Manufacturing Inc. A GM spokesman said that, if successful, the negotiations would result in a new model for one of GM's surviving brands -- Chevrolet, Buick, GMC or Cadillac.

Mazda at the London motor show 2008

By Ben Whitworth Motor Shows 22 July 2008 13:50 Mazda's not a company afraid of striking out on a limb every now and then. And it rammed home its rotary-engined know-how with a brace of sports cars featuring its Wankel motor at the London show. Shame there were no real world debuts, though...What's new on Mazda's London motor show stand?