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Crunch watch Nov 09: the auto industry in crisis

Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 30 November 2009• Saab's future is likely to become clearer tomorrow when the GM board meets in Detroit. It will have to decide whether to seek a new buyer or put Saab into liquidation (Financial Times)• Don't rule out an eastern bid for Saab: Beijing Automotive is still interested in buying the Swedish car maker despite its joint bid with Koenigsegg hitting the rocks, reports Automotive News.

Car spending 'more than holidays'

NEARLY HALF of drivers in the UK spend more disposable income on their car than anything else, according to a survey. Spending on cars (47%) easily outweighs the amount spent on holidays (21%) and socialising with friends (13%), the poll from Halfords Autocentres showed. But the survey also found that 10% of drivers were cutting back on car maintenance to save money.

McLaren celebrates 20th anniversary of the legendary McLaren F1

McLaren Automotive celebrated the 20th anniversary of the start of the F1 program by inviting F1 owners past and present to a celebration dinner at the McLaren Technology Centre in Woking, England. The owners were treated to a display of 21 McLaren F1 road and race cars, the largest number of F1 cars ever assembled in one place. It all started in 1988, when McLaren made the decision to expand from Formula One and design and build what it called "the finest sports car the world had ever seen." In March 1990, the team created to build that car came together for the first time.