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News watch November 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-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The  board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.

2010 Chevrolet Camaro gets Transformers special edition

Sports-car fans who fantasize about being an Autobot can now make their dual fantasy a reality--with the 2010 Chevrolet Camaro Transformers special edition. Essentially, the car turns the character Bumblebee from the movie into a road-going option package for an extra $995. Just as on the silver screen, the Camaro is yellow with a black rally stripes on the hood, and is available on the LT or SS models, with the RS appearance package an additional option.

British Motor Show Axed

The British Motor Show - Cancelled for 2010, and probably permanently Well, I suppose it’s not really a great surprise, but it’s still sad to see the demise of the British Motor Show. The SMMT (organisers of the British Motor Show) announced this lunchtime that the 2010 show has been cancelled. They stated that this was due to the crisis in the car industry at present and the ongoing world financial crisis.