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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.

Autoweek in review: C7 Corvette partly leaks, Edsel's secret shopper, Dax Shepard visits

Omega manufacturing made a public name for itself this week as the supplier inadvertently revealed the front nose of the new Corvette C7 in every detail imaginable. A big whoops for the supplier and a speculator's dream come true before the C7 reveal at the Detroit auto show in January. Edsel Ford II had a secret shopper as Autoweek senior online editor Rory Carroll went to the RM Dingman Collection auction on assignment.

Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.