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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.

Alfa Romeo TZ3 Corsa débuts at Villa D’Este

Alfa Romeo TZ3 Corsa débuts at Villa D'Este This year marks the 100th anniversary of Alfa Romeo. That’s 100 years of creating automotive art. And to celebrate there’s a plethora of Alfa Romeo related stuff going on to commemorate the anniversary, from Alfa headlining at the 2010 Goodwood Festival of Speed to the concepts that Alfa showed at the Geneva Motor Show.

Skoda Fabia & Skoda Roomster (2010) facelift at Geneva

The 2010 versions of the Skoda Fabia and Skoda Roomster will be at Geneva Skoda are taking the term ‘Facelift’ quite literally with the 2010 Skoda Fabia (and 2010 Skoda Fabia Estate) and the 2010 Skoda Roomster. They’ve grafted on a new nose for both in a facelift for the models which will debut at the Geneva Motor Show next week. Skoda say that the new nose “…accentuates the cars’ width, with a totally redesigned face that gives both cars a more dynamic look, increasing their road presence.” So there.