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News watch November 2010: 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 30 November 2010• Fiat and Opel have signed an agreement whereby Fiat will supply vehicles comprising of several variants to Opel, commencing December 1 (Fiat)• Electric cars will make up 20 per cent of UK car sales by 2016, according to National Grid CEO Steve Holiday (Automotive News Europe)• Toyota has said it will repair 650,000 Prius models worldwide because of a fault with the coolant pump (BBC News)• Porsche look likely to succeed in persuading preferred shareholders to support a €5 billion stock sale becuase the deal may offer the chance to buy into Volkswagen at a discount rate (Bloomburg)• China will become Rolls Royce's biggest market, surpassing America as early as 2011 (Automotive News Europe)  Monday 29 November 2010• Bentley has appointd a new CEO to succeed Franz-Josef Paefgen, who's retiring. Porsche R&D director Wolfgang Dürheimer, 52, is now chairman and chief exec of Bentley Motors and Bugatti (Bentley)• In return, Porsche has replaced Dürheimer with Wolfgang Hatz, an internal appointment.

UK electric car sales hit record high

While electric cars may not have taken off as quickly as the likes of Renault and Nissan had hoped, the latest figures from the government’s £5,000 electric car grant scheme show that sales have leapt 25% in the last quarter. A total of 1,149 electric cars were registered in Q3, not only a 25% improvement over Q2, but the most successful quarter since the government scheme began back in January 2011, indicating that consumers are starting to understand the technology and its limitations rather better. On Bing: see pictures of electric cars in the UK Find out how much an electric car costs on Auto Trader This news comes as the Renault-Nissan alliance has been forced to admit it is not going to reach its self-imposed target of 1.5 million electric car sales by 2016.

Porsche Panamera to get new V6 engine

Porsche will reveal two new 3.6 V6 petrol versions of the Panamera at the Beijing motor show 2010. These are the first official photos of the new models, the Panamera and Panamera 4, which will be offered as cheaper alternatives to the S, 4S and Turbo versions. In the rear-wheel drive entry-level Porsche Panamera, the new 296bhp, 295lb ft V6 powerplant produces 265g/km of CO2 and will manage just 25 miles on a gallon of fuel.