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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.

New January 2009 issue of CAR Magazine

By Tim Pollard 26 November 2008 11:43 The new January 2009 issue of CAR Magazine goes on sale today – and we're lifting the lid on all the new cars of 2009. Don't miss our exclusive photoshoots and stories on 64 of the most important cars of the year. Edited highlights include:• All the key cars of 2009 under one roof• Porsche Panamera unveiled: six-page story• In-depth preview of the new Nissan 370Z• Giant test: Alfa Romeo Mito vs Mini vs Fiesta vs Ibiza vs Twingo• Exclusive!

European car sales crash

Renault saw its sales fall 23.7 per cent in February Car sales across Europe have fallen nearly 10 per cent in the economic gloom, with Renault, Peugeot Citroen, Fiat and Opel the big losers. There’s been a big decline in new car sales across Europe in February, with monthly sales down almost ten per cent compared to 2011, and it’s the mainstream car makers who are suffering the most. Sales for Renault are down by a massive 23.7 per cent to 86,402, Peugeot Citroen did almost as badly with a drop of 16.5 per cent to 118,381 and Fiat suffered the same percentage drop with sales of 66,249 (Alfa Romeo sales actually fell by 28.5 per cent).