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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.

Vorsteiner offers aero package for Ferrari 599

The Ferrari 599 is on its way out; we saw its striking replacement, the F12 Berlinetta, at the Geneva motor show. But Los Angeles-based tuner Vorsteiner isn't quite ready to let go. To infuse the “old” grand tourer with new life, Vorsteiner created a new aero kit, wheel package and exhaust system to set it apart from your run-of-the-mill Prancing Horse.

Lamborghini concept: third Paris teaser photo

By Ben Pulman First Official Pictures 24 September 2008 16:59 Here we go again. This is Lamborghini’s third teaser image of a concept car it will unveil at the Paris motor show next month. This image comes with the tagline ‘the elegant realisation of technical potential’, but right now we’re wondering how many more pictures Lamborghini can produce before it shows us the whole car.