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AMG Vision Gran Turismo concept shows off ahead of PS3 appearance

Mercedes-Benz has revealed a spectacular new virtual sportscar concept created by its in-house design team for inclusion in Sony's new PlayStation 3 game "Gran Turismo 6." Called the AMG Vision Gran Turismo, the brawny-looking gullwing coupe is to be revealed as a model at the opening of Mercedes-Benz's new research-and-development center in Sunnyvale, Calif., on the eve of next week's LA Auto Show. Yet despite the unveiling in 1:1 scale, the new two-seater is destined to remain a feature of the virtual world as the first in what Mercedes-Benz is billing as a series of Vision Gran Turismo vehicles to be unveiled in the near future. While the virtual properties of the AMG Vision Gran Turismo mean it will only ever see running as a high-resolution graphic within the new "Gran Turismo 6" game, this hasn't deterred Mercedes-Benz from providing it with detailed styling and mechanical data -- elements of which are said to provide solid hints to the upcoming GT AMG due to be unveiled in mid-2014 as a range-topping replacement for the SLS AMG.

Travis Pastrana spoofs his DC Shoes boss Ken Block in new video

We love a little friendly interteam rivalry--especially when it involves driver Travis Pastrana and his boss at DC Shoes, Ken Block. Gymkhana ace Block released a video in February featuring his new livery for the DC Shoes WRC Ford Fiesta and his 2011 schedule of events. The hard-rock-and-techno-scored video shows Block in race gear, with his car and a few femme fatales in black vinyl and other DC gear.

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.