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News watch October 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 Friday 29 October 2010• Spyker has announced third-quarter losses have increased since its takeover of Saab. Spyker lost £35 million in 2010, compared to £3.6 million last year (BBC News)• GM will repay $2.1 billion of the Obama government's preferred stocks.

Bentley-designed Santa’s sleigh

By Tim Pollard First Official Pictures 17 December 2008 14:30 We reckon Father Christmas is probably a bit of a Bentley guy: he has a large number of miles to cover in speed and in great comfort – and he needs something big and plush to look after all those presents. What better solution than something mixing the design class of a Bentley with the snow-covering ability of a downhill toboggan? Bentley designers John Paul Gregory imagined a futuristic Santa Azure Sleigh (complete with rifled tailpipes and exposed Bentley Blitzen powerplant), while Yunwoo Jeong turned the Continental GTC cabrio into a sleigh with quad-outrigged headlamps and begoggled Santa.

Audi dropping Multitronic CVT gearbox

The Audi Multitronic CVT gearbox is being retired Audi make some great cars, but a number of them are spoiled by the woeful CVT gearbox. The theory is that as the CVT ‘box, which varies transmission ratios infinitely and keeps the engine working in the right rev range, is more economical and more efficient. But CVT boxes are horrible.