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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.

Range Rover by Overfinch has 30% higher residuals than a standard Range Rover

The 2014 Overfinch Range Rover (pictured) keeps its value It’s generally considered that money you spend on enhancing a new car by getting one of the plethora of customisers to add interesting bits is money down the drain. But as we reported back in 2012, that’s definitely not the case with the Range Rover by Overfinch. In fact, the last model of the Range Rover had residuals a full 23 per cent more if it was an Overfinch version rather than a regular Range Rover, which made opting for an Overfinch makeover almost a no-brainer.

2015 Chevrolet Cruze gets a facelift and new connectivity

The 2015 facelift for the Chevrolet Cruze Saloon With the New York Auto Show looming this month, Chevrolet has revealed a facelift for the Cruze for the 2015 MY, although it’s unlikely the UK will see it. With GM trying to make sense of its European operations, it plans to drop the Chevrolet brand from the UK and Europe and concentrate on VAuxhall and Opel, so it seems likely the updates to the Cruze will be just of academic interest to buyers on this side of the Pond. Cosmetically, the changes are not huge for the Cruze saloon with the usual fodder of titivated lights (the addition of LED running lights on high-end models), a tweaked front end and some new colour choices.