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Crunch watch Nov 09: the auto industry in crisis

Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 30 November 2009• Saab's future is likely to become clearer tomorrow when the GM board meets in Detroit. It will have to decide whether to seek a new buyer or put Saab into liquidation (Financial Times)• Don't rule out an eastern bid for Saab: Beijing Automotive is still interested in buying the Swedish car maker despite its joint bid with Koenigsegg hitting the rocks, reports Automotive News.

First Corvette Stingray Convertible sells for $1 million

The first Chevrolet Corvette Stingray to be built has been auctioned for charity by Barrett Jackson  and bought by Rick Hendrick for $1 million. The new Corvette Stingray Convertible was offered for sale this weekend at Barratt Jackson’s auction in Palm Beach, Florida, with GM donating the healthy proceeds of $1 million to the Barbara Ann Karmanos Cancer Institute. The Stingray Convertible was bought by wealthy NASCAR team owner Rick Hendrick, who can now add the Stingray Convertible to his collection of cars, which also includes the first of the new Stingrays for which he paid $1.1 million.

Finalists announced in Fiat UK's 'Smiles per Hour' design competition

Fiat UK has picked five finalists in the ‘Smiles per Hour Design Competition', a design contest we first told you about back in July. The aim of the competition was to find a budding designer in Britain who would develop a clever and amusing new way to travel. Following an initial judging process, the selection for best designs comprised of Simon Tarrant's 'Street Rower'; Nick Rawcliffe's 'Snowbone'; Natalie Daghestani's 'Hylo female commuter shoe'; Steven Spong's ‘Longbow'; and Harley Zblewski's 'Suitcase Car' -  a design we first saw at Coventry University's annual Degree Show in June.