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News watch November 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-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The  board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.

Ford announces new Kuga models

Slotting in as the base model is a 2wd 2.0 TDCi which has a Co2 output of just 159g/km. This is a crucial point for businesses when the regulations change in April 2009. By coming in at under 160g/km the new Kuga will be eligible for a 20% writing down allowance, as opposed to the 10% for cars over 160g/km.

The races have begun

More than 250 vintage racing cars took to Mazda Raceway Laguna Seca on Aug. 11-12 for what is called the Monterey Motorsports Pre-Reunion. The event was formerly known as the Monterey Pre-Historics, and it serves as a lead-in to the Monterey Motorsports Reunion staged during the Pebble Beach weekend on the Monterey Peninsula.