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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.

Bentley Mulsanne launches at Frankfurt

Bentley has unveiled the New Bentley Mulsanne at Frankfurt The 2010 Bentley Mulsanne delivers 505bhp from its all new 6.75 litre V8. But more importantly it delivers 752lb/ft of torque – enough to shift the Albert Hall in to warp drive. And thanks to variable valve timing and re-worked internals including a forged crankshaft, that torque is available throughout the range.

Ram introduces CNG-powered pickup

Aside from the Honda Civic Natural Gas, compressed-natural-gas-powered vehicles have usually been converted after the fact, generally for fleet use. Chrysler is hoping to carve out a niche in the corporate-pickup segment by selling a factory-built CNG Ram 2500 that can seamlessly switch over to gasoline operation when the natural-gas tanks run dry. The twin 4.6-cubic-foot CNG tanks (which store the equivalent of 18.2 gallons of gas) take up a section of the bed, while an eight-gallon gasoline tank provides fuel during start-up and then reserve capacity when the compressed tanks are tapped out, allowing the bruiser a measure of operational flexibility.