Rear View Mirror Fits 01-08 Impala 528590 on 2040-parts.com

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 4 Series Gran Coupe on video

We have video of the 2014 BMW 4 Series Gran Coupe – effectively a baby 6 Series Gran Coupe – the new flagship for the BMW 3 / 4 Series range. Yes, every car maker on the planet is seeking new sales by offering more and more niche models, and BMW is no different. The best-selling BMW 3 Series range is due to be extended with a new 4 Series range of models that will offer the coupe and cabriolet versions of the 3 Series, including a car that could be considered a niche too far – the BMW 4 Series Gran Coupe.

GM to invest $230 million in four Michigan plants to build Chevrolet Volt, Cruze

General Motors Co. said Tuesday it will invest more than $230 million in four plants around Flint, Mich., to help build the 2011 Chevrolet Cruze compact and the Chevrolet Volt plug-in hybrid sedan. The move will restore about 500 jobs, GM said in a statement.