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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.

New Mercedes E63 AMG will debut at New York

The latest spy shot of the New Mercedes E63 AMG which will launch at the New York Motor Sow But at least we know now when that launch will be – the New York Motor Show in April. So we shouldn’t have to wait long to see proper pictures of the M5 rivalling E63 AMG in its latest iteration. So what do we know about the car?

Next-generation Porsche 911 spied frolicking in the snow

The next-generation Porsche 911 is proving to be an alluring target for spy shooters, who have caught coupe and cabriolet versions undergoing snow testing in the dead of night. Chatter is that this new 911, known internally as the 998, will roll out in late 2011 as a 2012 model--which could set it up for a debut at the 2011 Frankfurt motor show. The all-black prototypes look similar to what we