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News watch November 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-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The  board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.

Volvo ES wagon completes new concept car trio (2014)

By Ollie Kew and Damion Smy First Official Pictures 24 February 2014 10:00 This is our first look at the new Volvo estate car concept that’ll be shown at the 2014 Geneva motor show. Called the Volvo ES Concept, it’s the third and final design study from Volvo’s new chief designer Thomas Ingenlath, who’s been pinched from Volvo rival VW to pen a sharp and sexy new range of Swedish metal to take on the dominant Germans. We’ve seen Ingenlath’s idea of a BMW 4-series-sized coupe, and an XC90-previewing SUV.

Stobart To Keep On Trucking In £280M Sale Deal

FANS of the well known trucking business Eddie Stobart might be surprised to learn that the company has been sold. However, the iconic name won't vanish from the nation's roads despite the £280 million sale to investors. The business, which employs around 5,000 people and operates 2,300 vehicles, will be led by the founder's youngest son, William Stobart.