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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.

Eagle builds a new E-type speedster

By Alex Michaelides First Official Pictures 27 July 2009 17:07 Jaguar E-type specialist Eagle has unveiled the Eagle E-type speedster at the Salon Privé prestige motor show in London. The speedster, commissioned by enthusiast Dr Rick Velaj, uses a standard 1966 E-type as its base. Eagle then rebuilt it to a new sky-high specification, clad it in a one-off aluminium bodyshell, fitted it with its Supersport options (stiffer suspension, uprated brakes and modern tyres) and strapped in its own highly developed 4.7-litre straight six.

Mercedes C-class AMG DTM (2012) at Frankfurt motor show

Mercedes’ F125 concept might preview a hydrogen future for the automobile, but alongside this tech-laden show car Benz boss Dr Zetsche (with a little help from Michael Schumacher and Nico Rosberg) also unveiled a hardcore race car. It’s the Mercedes C-class Coupe AMG DTM, which will compete in next season’s Deutsche Tourenwagen Masters – think touring car, only with 4.0-litre V8s and rear-wheel drive chassis. Is the Mercedes C-class Coupe AMG DTM a C63 AMG Coupe under the skin?