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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.

Monterey video: A closer look at the 1957 Ferrari 410 SuperAmerica Series II

Take a closer look at Chris LaPorte's 1957 Ferrari 410 SuperAmerica Series II, which was honored for its unrestored condition at the Quail on the Monterey Peninsula. The Monterey Week is packed with car shows, vintage racing and car auctions. Autoweek will be there providing streaming photo galleries and live coverage of the Pebble Beach Concours d’Elegance, historic racing at Laguna Seca, the Monterey car auctions and much more.

Jaguar design through the eyes of art students

London's Clerkenwell Design Week runs from May 21-23, serving as the United Kingdom's leading independent design festival. Jaguar is the primary sponsor this year and for the event, it challenged students at the Royal College of Art to create a joint exterior and interior form study which “expresses their vision of future Jaguar design language in either a sports or luxury context.” Ewan Gallimore and Claire Miller won the contest with the F-type skeleton pictured, beating eight other teams. "We began the project by looking at light, specifically the way the light falls within the space at Clerkenwell," said Gallimore and Miller.