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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.

GM gets behind Vauxhall & Opel by dropping Chevrolet in Europe

Cars like the Chevrolet Trax (pictured) will disappear from the UK in 2015 GM has seemed to be fighting a battle with itself in the UK and Europe by marketing a broadly similar range of cars under the Vauxhall and Opel badges in the UK and Opel and Chevrolet in Europe. But unlike the VW Group, which manages to offer very similar cars from VW, SEAT and Skoda and create a different customer base, GM seems to have failed to make the marketplace work with Opel and Vauxhall competing with Chevrolet. So Chevrolet are on their way out in Europe.

Hyundai, Kia retract mileage claims

Hyundai and Kia overstated the estimated fuel economy on more than 900,000 U.S. vehicles sold over the past two years and will compensate owners for the faulty claims, a newspaper reported. In addition, the South Korean partners will lower the fuel-economy estimates on most of their 2012 and 2013 models, the Detroit News said.