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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.

Bentley sales in China hit new record

Bentley boss Wolfgang Duerheimer at last year's Shanghai Show. Bentley has revealed that China has now overtaken the US as its biggest market with 578 sales in the first quarter of 2012 – up 84.9 per cent. This time last year we reported that Bentley sales were flying in China and closing in on the US as the most important market for Crewe’s products.

New 2014 Corvette caught in the wild

The 2014 Chevrolet Corvette Stingray made its Detroit auto show debut in two of the 10 colors on the palette--Torch Red and Cyber Gray. Engineers wasted no time stripping the camouflage off prototypes, exposing three other colors on highways in Arizona--Black, Laguna Blue and Velocity Yellow. Cars wearing those colors have been photographed in the wild by Corvette fans and sent to us--the latest a Laguna Blue Corvette from Elliott Gosch of Scottsdale--along with being posted on fan sites such as www.corvetteforum.com and www.corvette7.com.