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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.

Ferrari California: photos with roof up

By Ben Pulman First Official Pictures 29 May 2008 15:57 The latest Ferrari California photos and details have just been released by the Prancing Horse. It’s the first time we've seen the California with its folding hard-top erected, and extra snippets of information - like the size of the 2+2 - have now been announced. Its 4560mm length puts the California midway between an Aston Martin V8 Vantage and DB9, while the Ferrari’s 1900mm width means it is wider than both Brits.

Mercedes S-class Coupe concept (2013) at Frankfurt motor show

This is the new Mercedes S-class Coupe concept, revealed this morning at the 2013 Frankfurt motor show. And let’s kill two Mercedes S-class Coupe concept red herrings with one stone straight away. First off, don’t be thrown by the name: the S-class Coupe is indeed the replacement for the CL.