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Chevy Volt will do 230mpg

GM are claiming 230 mpg for the Chevy Volt The premise is that the vast majority of buyers for the Chevy Volt will do no more than 40 miles a day. Which just happens to be the range that the Volt has. So I suppose they could have worked out the cost of the electricity to fully charge the Volt, converted that in to the cost of petrol and come to the conclusion that it does 230mpg.

Who's Where: Luc Donckerwolke appointed Head of Advanced Design at VW Group

Luc Donckerwolke has been appointed Head of Advanced Design at the Volkswagen Group effective August 1, 2011. In this new function, he will report directly to Walter de'Silva, Volkswagen Group's Head of Design. Donckerwolke's successor as Director of Design at the Seat brand is Alejandro Mesonero-Romanos.

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.