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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.

VW Passat gets DSG

Spawned from the very middle of the road Passat, the CC brings the style of the Mercedes CLS to the sector below. A truly good looking car, which should, if there were any justice, sell by the bucket load. VW Passat CC now gets the superb DSG gearbox And VW has just made the CC even more desirable by adding a 7 speed DSG option to the mix.

Mercedes-Benz starts voluntary recall of 2013 SL-class

Mercedes-Benz has initiated a voluntary recall for its 2013 SL-class due to an issue with the air-conditioning system. Under “worst-case condition” testing during a severe front impact, a rupture of the refrigerant line is possible, which could cause a fire in the engine compartment. According to the report from Mercedes Benz, the refrigerant does not ignite under normal conditions.