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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.

Dodge Viper SRT10 ACR (2007): first official pictures

By Tim Pollard First Official Pictures 09 November 2007 01:13 Dodge Viper SRT10 ACR: the lowdown As if the regular Dodge Viper, sorry, SRT10, wasn't hard enough, the Street and Racing Technology division at the Chrysler group's Detroit HQ have dreamed up a hardcore street-legal racing version. It's not for the faint-hearted, as you can tell from the angry body addenda and huge spoilers mounted on the already monstrous coupe. The ACR bit of the name denotes it's an American Club Racer spec car - it's the first use of the badge on a Viper since 1999.

RCA team helps develop all-electric London taxi proposal

The Royal College of Art's Vehicle Design program and the Helen Hamlyn Centre for Design have collaboratedwith Turkish car manufacturer Karsan to develop a proposal for the first all-electric London taxi. An RCA team – co-led by Professor Dale Harrow and the Helen Hamlyn Centre for Design's deputy director Rama Gheerawo – has been working with Karsan and its consultancy Hexagon Studio for over a year and to develop a public transport vehicle to suit Londoners of all ages and abilities. The team analyzed a current London taxi in a ‘co-creation workshop' and conducted interviews with taxi drivers, which showed many are over 65 and frequently spend the entire working day inside their cabs.