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News watch November 2010: 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 Tuesday 30 November 2010• Fiat and Opel have signed an agreement whereby Fiat will supply vehicles comprising of several variants to Opel, commencing December 1 (Fiat)• Electric cars will make up 20 per cent of UK car sales by 2016, according to National Grid CEO Steve Holiday (Automotive News Europe)• Toyota has said it will repair 650,000 Prius models worldwide because of a fault with the coolant pump (BBC News)• Porsche look likely to succeed in persuading preferred shareholders to support a €5 billion stock sale becuase the deal may offer the chance to buy into Volkswagen at a discount rate (Bloomburg)• China will become Rolls Royce's biggest market, surpassing America as early as 2011 (Automotive News Europe)  Monday 29 November 2010• Bentley has appointd a new CEO to succeed Franz-Josef Paefgen, who's retiring. Porsche R&D director Wolfgang Dürheimer, 52, is now chairman and chief exec of Bentley Motors and Bugatti (Bentley)• In return, Porsche has replaced Dürheimer with Wolfgang Hatz, an internal appointment.

Volkswagen teases with sketch of new sedan for Tennessee factory

Volkswagen AG on Thursday released a sketch of the mid-sized sedan that will be built at VW's factory now under construction in Chattanooga, Tenn. The mid-sized sedan, which has yet to be named, will be slightly larger than the Passat. VW plans to build 150,000 units annually when the factory opens in early 2011.

New Volvo tease for Frankfurt – is it a modern P1800 Coupe? (video)

New Volvo tease for Frankfurt (pictured) Is it a modern P1800? We really didn’t have anything completely new and radical on the radar from Volvo for the Frankfurt Motor Show next month, but if this teaser video from Volvo is anything to go by, we could be in for a surprise. Volvo has released a new video to tease something new at Frankfurt which is mainly a designer sketching and Volvo’s Head of Design - Thomas Ingenlath  - standing with his arms folded.