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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.

2009’s 10 most fuel-efficient cars in America: The AutoWeek list

Toyota Prius Hybrid 46 mpg combined Base price: $22,720 Our take: The perennial mpg all-star takes the crown again for 2009. Honda Civic Hybrid 42 mpg combined Base price: $24,320 Our take: Another top contender in reliability and fuel economy, the Honda Civic Hybrid is a smart choice. Smart Fortwo Coupe 36 mpg combined Base price: $12,635 Our take: This funky coupe is the least expensive on our list, proving you can be green without spending it.

Nissan Cube – UK Details and Prices

The Nissan Cube hits UK roads in January 2010 A strange little beast, the Nissan Cube. Nissan consider it to be a “unique solution for 21st century drivers” and they may be right. We reported recently that Generation Y Drivers are more interested in comfort and equipment than style and performance, and in many ways the Nissan Cube delivers.