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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.

Middlecott Sketchbattle Experiment crowns first Sketchmaster

College for Creative Studies (CCS) student Graham Wright has fought off competition from artists, illustrators, industrial, product and car designers to be declared the Sketchmaster of the Middlecott Sketchbattle Experiment 2014. Held at Detroit's Kunsthalle Museum of Contemporary Art, the contest – a self-styled fight club of design – carried the theme of lighting because of the museum's many neon and lighting installations. Before the event, design students from the area – mostly from the CCS and Lawrence Technological University (LTU) – were invited to submit early sketches before a shortlist was drawn up for the main event.

Ford reportedly to shut down Mercury

The Mercury brand, rumored to be on the verge of death several times over the past decade, would be shut down under a plan being prepared for Ford Motor Co.'s board of directors, Bloomberg News reported on Thursday. Citing two executives who have knowledge of the plan but asked not to be identified, the news service said the plan would be submitted to Ford's board in July. How quickly Mercury would be shut down depends how quickly the automaker can convince Lincoln Mercury dealers to close or merge with a Ford-brand dealership, the report said.