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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.

Audi RS Q3: Official

Audi has revealed their first ever RS SUV in the shape of the RS Q3, a 306bhp compact SUV which will debut at the 2013 Geneva Motor Show. Arriving for its first public outing at the Geneva Motor Show next month, the RS Q3 (we want to call it the Q3 RS) comes, as expected,  with Audi’s 2.5 litre five-cylinder engine packing 306bhp and 310lb/ft of torque, which is enough to throw the RS Q3 to 62mph in just 5.5 seconds and still manage official economy of 32.1mpg. Audi has lowered the suspension on the RS Q3 and given it stiffer springs and dampers as well as fitting bigger anti-roll bars.

12 reasons why we love Maserati: 100 years of the Trident

When Alfieri Maserati opened his first shop, three of his brothers joined immediately. Mario wasn’t a fan of engines, but he could draw. He based Maserati's famous Trident logo on the fountain of Neptune in Bologna’s Piazza Maggiore.