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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.

2014 Mazda 6 diesel sales postponed for emissions testing

Mazda has postponed the U.S. launch of its diesel-powered Mazda 6 midsized sedan until April because of delays in emissions testing, the company said today. Instead of hitting showrooms before year end as planned, Mazda 6 sedans powered by the automaker's Skyactiv-D 2.2-liter turbodiesel will arrive in late April, Robert Davis, senior vice president of U.S.

Porsche Boxster RS 60 Spyder

By Ben Whitworth Motor Shows 04 March 2008 14:08 So what’s new on Porsche’ Geneva Motor Show stand? Not a lot, to be honest. There’s the enticing sounding RS 60 Spyder limited edition Boxster, which couldn’t be more of a disappointment if it tried.