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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.

BMW and Zagato tease next collaboration

BMW has teased the first image of its BMW Zagato roadster, the second collaboration between the automaker and the Italian design studio, which is set to be unveiled this weekend at the Pebble Beach Concours d'Elegance. Earlier this year at the Concorso d'Eleganza Villa d'Este in Italy, BMW unveiled its Zagato-designed coupe, which featured the carrozeria's signature double-bubble roof, the high, fastback Kamm tail and full, blown surfaces. The BMW Zagato Coupé was the first collaboration between Zagato and BMW, and was the first Italian-designed car to wear the blue and white propeller since the 2003 Bertone Birusa.

Chevrolet plays the name game with paint color for the upcoming Volt

We know the Chevrolet Volt is going to be green, but what color will it be? Chevy is staging a contest to officially name the color of the Volt, and it's down to three finalists: EV-ergreen, environMINT and Viridian Joule. Two of the names were submitted by California residents, and one came from Florida.