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News watch December 2010: today's auto industry news
Sun, 31 Oct 2010Welcome 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-hourFriday 31 December 2010• A judge in Manhattan has dismissed two lawsuits from hedge funds claiming for $2bn losses when it bought VW shares in 2008. Elliott Associates LP, Black Diamond Offshore and 39 other funds filed a complaint, claiming Porsche misled short-sellers who hadn't realised that Porsche had cornered the market in VW shares (Automotive News)Thursday 30 December 2010• Volvo plans to hire an extra 200 staff as it claims demand for its cars is rising.
BYD E6 – Detroit show and going to America
Wed, 13 Jan 2010The Electric BYD E6 will go on sale in the US this year at $40k BYD is a Chinese car maker very much on the up. They’ve gone from building no cars at all in 2001 to the fourth biggest car maker in China by 2009. That massive growth has lead to BYD’s founder Wang Chaunfu becoming the richest man in China.
Volkswagen Passat (2014) first pictures: VW's Passat Mk8
Thu, 03 Jul 2014By Tim Pollard First Official Pictures 03 July 2014 23:01 The 2014 Volkswagen Passat has been unveiled - you're looking at the eighth generation of Passat. And, yes, it remains the epitome of sensible, stout Teutonic values. The new Passat is based on the Volkswagen group's clever, adaptable MQB box of tricks, the architecture which underpins the Golf Mk7, too.