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News watch Jan 2012: 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 31 January 2012• Two Japanese car parts suppliers have been fined a staggering $548m for price fixing offences following an FBI investigation. Yazaki Corp.

Saab Museum Saved

The Saab Museum - including the Ursaab (pictured) - has been saved Despite falling victim to Saab’s bankruptcy, the Saab Museum has been saved by Trollhatten City, Saab AB and the Marcus and Amalia Wallenberg Memorial Fund. When we reported that the Saab Museum – and all its cars – was up for sale last week to try and bring in a few coppers to fill the black hole that is the Bankrupt Saab’s finances, it looked as if the historic collec tion – which includes the very first Ursaab – was destined to be broken up. The fate of the Saab Museum seemed to be to be scattered to the four corners of the globe as each car was sold to the highest bidder, but it’s been revealed that the entire collection - including the Museum building - has been saved for the Swedish nation.

Fiat 500C – Elle’s in love

Elle Macpherson loves the Fiat 500C Convertible - Don't we all?! And today’s news is just another bit of PR frippery, but it gives us another excuse to run a photo of Elle Macpherson so soon after the Elle Macpherson with the new Jaguar XJ from last week. So that’s it really.