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News watch April 2011: today's auto industry news

Come 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-hourFriday 28 April 2011• Due to UK royal wedding national public holidays, CAR Online news coverage will be reduced until CAR reopens on Tuesday 3 May (CAR)• The Saab financial situation continues to develop. Both the Swedish National Debt Office and General Motors are said to have given their approval for the proposed lease-back sale of Saab property to investor Vladimir Antonov.

Cadillac ATS and XTS sedans coming in 2012

Two new Cadillac sedans will join the brand's lineup in 2012, the full-size XTS and the smaller ATS. The products were confirmed on Thursday by General Motors North America boss Mark Reuss at an auto-industry conference in Traverse City, Mich. The XTS is based on the XTS Platinum concept introduced at the 2010 North American International Auto Show in Detroit.

Honda P-NUT Concept at LA

The Honda P-NUT at the LA Motor Show This is another of those ‘Lets see what we can make’ type concepts with probably precious little chance of being made. But the Honda ‘Personal-Neo Urban Transport’ – or Honda P-NUT – does make for an interesting micro city car concept. The P-NUT is a three-seat (which sounds great in principle, but all 3-seat cars – McLaren F1 included – are a pain for the driver to get in and out) concept with masses of angular lines and glass, designed to be offered with one of three powertrains – a petrol, petrol-electric hybrid or pure EV.