New Genuine Bumper Carrier Bracket (deformation Element), 51 11 7 266 193 on 2040-parts.com

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.

New Honda NSX at Tokyo Motor Show in November?

New Honda NSX could arrive next month at the Tokyo Motor Show Isn’t it strange how some cars are never appreciated fully when they’re in production? Take the McLaren F1. It’s now perhaps the most desirable modern classic on the planet, with cars selling north of £3 million.

Jaguar to end XK production after 18 years

Jaguar will this summer cease production of the XK 2+2 GT car after 18 years at the top of the Coventry firm’s model range. The decision to stop making the XK comes after the hugely successful launch of the F-Type – which, say analysts, has led to a big fall in XK sales as thousands of buyers queues up to buy the F-Type. Jaguar XK review (2009 onwards) Jaguar XKR-S Coupe review (2011 onwards) Some estimate Jaguar could triple its sports car volumes with the F-Type over the XK.