Brand New - Attwood 1-mile Vertical Mount, Red Sidelight - 12v - Stainless Steel on 2040-parts.com

News watch October 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-hourMonday 31 October 2011• The two companies planning to buy Saab - China's Youngman and Pang Da - have agreed to pay a €50 million bridging loan, court documents show. And they are pledging €610m in long-term funding from 2012, according to ANE (Automotive News Europe)  • Martin Winterkorn, the CEO of the Volkswagen group, says he is pleased with the performance of Seat and Skoda.

Chevrolet Mi-ray Concept Seoul Debut

The Chevy Mi-ray - a two-seater hybrid roadster GM are big in Korea, make no mistake. Well, South Korea, certainly. So big are Chevrolet in Korea that they rank only behind indigenous makers Kia and Hyundai, and Seoul is GM’s world centre for small cars – think of stuff like the Chevrolet Cruze and Chevrolet Aveo.

Lexus wants more hybrids and a better performance image

Lexus plans to introduce hybrid versions of existing vehicles with each full model change, the brand's r&d chief says. Leveraging the electric-gasoline drivetrain technology of Lexus' parent company, Toyota, will be key to differentiating the brand from European rivals, said Kiyotaka Ise, Toyota Motor Corp. managing officer in charge of Lexus development.