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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.

Design Contest: NDA wins 2009 LA Design Challenge

A future where environmentalists and car enthusiasts - not to mention sober-minded adults and thrill-seeking young people - all coexist in harmony just might be possible with Nissan's V2G concept vehicle. The hypothetical design study, which runs on a futuristic grid of electric roadways but can also be customized for 'off grid' joy riding, won the 2009 LA Auto Show Design Challenge for the way it embodies this year's 'Youthmobile 2030' theme. The focus was to create vehicles that would appeal to a generation of young drivers raised on cell phones and social media.

New 2013 Range Rover revealed

Land Rover has today revealed the all-new Range Rover ahead of its debut at the Paris Motor Show on 27 September. The new all-aluminium L405 Range Rover is lighter, greener and more refined than the current model: prices will be announced in early September and deliveries will start in early 2013. Driven: Range Rover TDV8Kahn Design Diamond Jubilee Edition Range RoverWe drive the Queen's Land RoversOverfinch reveals £89,995 Range Rover EvoqueDriven: Overfinch Range Rover