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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.

Speading plea as fines quadruple

A MOTHER whose two-year-old son was one of eight people who died in a horrific road crash has spoken of the need for motorists to "break the habit of speeding to prevent more needless deaths". Tracey Mohabir's comments came as the Government announced a four-fold increase in fines available to magistrates, meaning motorway speeders could be forced to pay up to £10,000. Mrs Mohabir's son Marcus was travelling with his father Steve and two friends, Toby and Kate Beasley, when their Land Rover was hit by a speeding BMW which crashed through the central reservation on the A23 near Pycombe, Sussex, on May 16 2004.

McLaren P1 caught testing in Spain

We're still awaiting details about the McLaren P1—successor to the legendary McLaren F1—but we have a better idea what the supercar will look like courtesy of some new spy photos. McLaren officially unveiled the P1 at this year's Paris motor show. Its dramatic curves didn't disappoint.