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News watch November 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-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The  board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.

Buy John Cleese’s Bentley & he’ll take you to lunch

John Cleese is selling his Bentley Eight and throwing in some memorabilia and a lunch on him to the winning bidder. It probably won’t make much of a dent in the reported $1 million a year he has to pay his ex-wife number three, but for John Cleese, every little helps. So with wife number four now signed up for a duration yet to be known, John is flogging off his Bentley Eight to try and raise a few bob.

Alfa Romeo Mito Twinair (2012) first official pictures

Alfa Romeo has plumbed Fiat's brilliant and novel two-cylinder engine - the Twinair - into its Mito supermini. The result is the most economical premium supermini on sale, returning in excess of 67mpg. The Mito Twinair will cost £14,510 when it goes on sale on 30 September 2012.