Buick Hubcap 1955? on 2040-parts.com

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.

Garmin's Glass Cockpit

Consumers want in-car navigation—it's a popular feature. Yet once they have it, they're often dissatisfied. Nearly half of them downloaded apps to supplement the system in their car, according to a 2012 Garmin.

Vauxhall Cascada (2012) - first photos of new cabrio

Vauxhall today confirmed it will launch a new convertible called Cascada in 2013. Although based on the running gear, it's actually longer than an Audi A5 Convertible – launching Vauxhall and Opel back into the full-size cabrio market for the first time since the 1930s. The new Vauxhall Cascada is 4.7m long, 70mm longer than an A5 cab and 225mm longer than the Astra TwinTop.