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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.

Vauxhall Insignia facelift stars at the 2013 Frankfurt Motor Show

Ten years on from the very first Insignia concept, unveiled at the Frankfurt Motor Show back in 2003, Vauxhall is showcasing a new, facelifted Insignia here at Frankfurt 2013. Part of the update to the Insignia is a new internet connectivity feature, which should make life on the road for travelling professionals a bit easier – now you can locate your nearest non-VAT qualifying hot food snack retailer in next to no time… We’re also fans of the rationalised trim range, down from 14 grades to eight for the new car. While the Insignia’s updated engine range boasts impressive efficiency (as we’ll see in a minute), we can’t help wondering if this might have been a good time to introduce a hybrid or range-extender powertrain, trumping Ford and its forthcoming Mondeo Hybrid in the process.

Jaguar XK 5.0 Portfolio Convertible Review – Richard Madeley

Richard Madeley spends a week with Jaguar's XK Convertible I’ve always held a torch for Jaguars; forgave them their trespasses even back in the bad old 1970s; loved them as things of beauty even when they weren’t. Whatever the model, whatever the year, they were Jaguars, and that was that. A bit like the Beatles’ White Album – a classic, for all the obvious flaws that only a crashing bore would draw attention to.