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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.

2010 Chevrolet Equinox to emphasize fuel economy

Unlike the previous generation which only came with a V-6 engine, the redesigned Equinox comes with a base 2.4-liter direct injected four-cylinder engine. Customers can get a V-6 option. The new body style reflects Chevrolet's global design language influenced by the Malibu sedan and Traverse crossover.

Volkswagen CrossBlue Coupe photos arrive early

We didn’t expect the CrossBlue Coupe to look quite as dramatically ‘squashed’ as the design sketches, and it doesn’t. But it does look like a decidedly rakish SUV with a distinctly more coupe look than the full-sized CrossBlue SUV we saw at Detroit in January. Apart from being sleeker than its boxy sibling, the CrossBlue Coupe is also less compendious, and drops the full 7-seats the Crossblue had in favour of a 5-set layout.