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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.

Volkswagen Golf GTI Adidas & Golf GTI Exclusive at Wörthersee 2010

The VW Golf GTI Adidas at Worthersee The Worthersee Tour is a big customisers event for Volkswagens held every year in May in Worthersee in Austria. It’s been a feature on the calendar since 1982 and was originally a meet up for owners of the original Golf GTI. Over the years it has become much more and we see all sorts of cars from the VW group such as the seven Audi A1 specials this year and the Audi Q5 Worthersee Concept last year.

One Lap of the Web: 1956 Jaguar XK-140, CNG and bad-driver fines

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- A 1918 Sinclair gas station in New Orleans has been transformed into a 2000-square-foot vacation rental.