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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.

BMW Concept e motorcycle

BMW has revealed a new electric scooter concept, the Concept e, at the 2011 Frankfurt motor show as part of BMW Motorrad's focus on issues of individual single-track mobility. The Concept e, which was presented alongside BMW's electric i3 and i8 vehicles, is designed to convey the importance that BMW sees in the emotional dialogue between the rider and the vehicle. The Concept e is immediately recognizable as a BMW motorcycle, with the ‘split face' running from the upper trim section to above the front wheel cover.

2013 Mazda MX-5 Facelift on sale next week

The mildly revised 2013 Mazda MX-5 – with a new nose and some minor tweaks – goes on sale in the UK on 1st December. Perhaps the only really noticeable bit of the ‘upgrade’ for the MX-5 is a tweaked nose with a slightly bolder front bumper, but there are other changes too. The seven model MX-5 lineup for 2013 sees the arrival of the 2.0-litre MX-5 Sport Tech Nav models – yes, you guessed it, they get SatNav – and the bonnet gets an active bonnet system to pop up if you happen to scoop up a passing pedestrian, mitigating injuries.