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News watch October 2011: 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-hourMonday 31 October 2011• The two companies planning to buy Saab - China's Youngman and Pang Da - have agreed to pay a €50 million bridging loan, court documents show. And they are pledging €610m in long-term funding from 2012, according to ANE (Automotive News Europe)  • Martin Winterkorn, the CEO of the Volkswagen group, says he is pleased with the performance of Seat and Skoda.

MINI John Cooper Works Concept 2014 revealed

MINI has just launched its third-generation Hatch model, and you know what that means. No, not just people moaning about how it isn’t really ‘mini’ anymore – we’re talking about the imminent arrival of a brand new high performance MINI John Cooper Works. And here it is – or at least, here’s the new 2014 MINI John Cooper Works Concept.

VW Touran facelift (2010) first official pictures

This is the new VW Touran... Not new as such, more a mid-life facelift with Golf/Polo/Touareg-aping styling. Bar the four doors every external panel is new so there are now oblong headlights for the nose, and the rear light cluster is now split between the body and bootlid.