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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.

Kia Pro_Cee’d GT & Cee’d GT to get 201bhp

Kia has revealed that their warmed over hatch will come as both a 3-door Kia Pro_Cee’d GT and 5-door Kia Cee’d GT, both with a 201bhp turbo. Last week we revealed that the Kia Pro_Cee’d GT is on its way in 2013 with a version of the 1.6 litre turbo found in the Hyundai Veloster Turbo, and upset Kia ion the process. We upset Kia because we got the news a day ahead of their intended release and stole a bit of their thunder, but Kia are back with more news on the Cee’d to add to last week’s news, and this time they beat us to the latest news on their more sporty offerings.

Lexus LFA Roadster makes an appearence in Tokyo (video)

Lexus LFA Roadster The long-rumoured Lexus LFA Roadster has made a surprise appearance at the D1GP Kick Off Drift event in Tokyo. The plan for Toyota to chop the top of the LFA to create a Lexus LFA Roadster has been running round the rumour mill for a while, but Toyota has yet to confirm it. That said, we reported back in October that Toyota were planning a launch of the Lexus LFA Roadster in 2014, and unlike the LFA Roadster – which was limited to 500 cars worldwide – Lexus were going to build as many LFA Roadsters as the market could swallow.