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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.

Vauxhall Astra GTC revealed: Prices & Models

Vauxhall Astra GTC - looks good Vauxhall has certainly got some mileage out of the launch of the 2012 Vauxhall Astra GTC. As has Opel for the launch of their differently badge version of GM’s Euro-hot-hatch, designed to take on the likes of the VW Scircoco. Since the Astra GTC was revealed at Paris last year we’ve had the expected dance of the seven alloys as Vauxhall reveals a bit more with each bit of news.

New Range Rover Sport crosses ‘Empty Quarter’ Desert in record time

The new Range Rover Sport crosses the ‘Empty Quarter’ Desert in record time We all know that almost every Range Rover Sport sold will never do anything more rugged than crossing a boot sale car park. But that doesn’t stop Land Rover hanging the Sport’s reputation on its ability to go anywhere, and do it more quickly. To demonstrate that combination of off-road prowess and speed they recently put the new Range Rover Sport up Pikes Peak in a record time (for an SUV) to demonstrate it could do rough stuff at speed, and now they’ve been out playing in the deserts of Saudi Arabia to ram the point home.