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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 JCW Roadster rides the ‘Ring

MINI JCW Roadster pounding the Nurburgring Now we’ve got the MINI Coupe out in the open, with and without its swirly black and white camouflage, it must be close to MINI doing the same with the Roadster. Which is probably why we have spy photos of the MINI JCW Roadster pounding round the Nurburgring – last shakedowns, we assume. Because we can’t imagine MINI dragging out the reveal of the production model Roadster much past Frankfurt – if it takes that long – which will be a full two years on from when MINI first revealed the 2-seater MINI Roadster – the soft top twin of the MINI Coupe.

Bentley Continental GT V8 unveiled

Bentley Continental GT V8 - heading for a debut at the 2012 Detroit Auto Show The Bentley Continental GT V8 debut is at the Detroit Auto Show in January, but Bentley has revealed their new V8 in GT and GTC guise this morning. The Bentley Continental GT V8, and for that matter the Continental GTC V8, are Bentley’s nod to the more constrained times in which we are living. Well, constrained is relative, but all car makers need to be seen to be cutting emissions and improving economy now the technology is there to do it.