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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.

PSA Peugeot-Citroen: Factory closures & 8,000 job losses planned

PSA Peugeot Citroen has revealed it is to close one factory, cut job numbers elsewhere and shed a total of 8,000 jobs as demand for its cars dwindles. When we reported last year that Peugeot Citroen were planning to idle their plant in Trnava, Western Slovakia we said that this was just the tip of the iceberg for Peugeot Citroen, and that they would have to take far more drastic action if they were to survive. They must have been listening.

Nissan 370Z GT Edition launched

The black or white Nissan 370Z GT Edition It’s not always the first thing that springs to mind when  you think about Nissan, but they have had a fair chunk of success in GT racing, going all the way back to the ’70s. So with the ‘Limited Edition’ being one of the car makers’ favourite marketing tools, there is a certain logic in looking back to the ’70s for inspiration for the latest limited edition Nissan 370Z – the Nissan 370Z GT Edition. For those old enough – or for Nissan Z Car nutters – the retro graphic on the side will bring to mind the early Datsun 240Z.