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News watch Jan 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-hourFriday 28 January 2011• Mazda has signed a deal to supply Nissan with its 5/Premacy MPV from May 2011. Nissan will sell a 'cleary differentiated' version of the people carrier in Japan (Mazda) • VW has begun construction of a new engine plant in Silao, Mexico.

Spyker attempting to sell Saab real estate in money-raising move

The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.

Peugeot BB1 concept

Peugeot BB1 concept was one of the more interesting surprises of the 2009 Frankfurt motor show. Capable of accommodating four people in a package only 2.5 meters long, the all-electric BB1 concept seeks to reinvent the car in every respect: architecture, style, interior design, driveability and connectivity, bringing the environment very much to the fore. Conveying values of freedom and optimism, and even 'altruism', the BB1 concept offers the promise of a new driving experience, wrapped in an altogether fresh and intriguing package.