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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.
Long-wheelbase stretch Jeep Wrangler spied
Wed, 24 Oct 2012A Jeep Wrangler JK with a third row of seating was recently spied at a suburban Detroit gas station. Wearing manufacturer plates, at first glance it looked like a prototype being tested by the Auburn Hills manufacturer. Closer inspection of the photos showed pieces from Wixom, Mich.-based American Expedition Vehicles, including bumpers and wheels with the AEV logos covered by painter's tape.
General Motors salutes Bob Lutz
Tue, 18 May 2010General Motors gave a fitting send-off to now-retired vice chairman Bob Lutz on Tuesday in Detroit. Lutz officially hung it up on April 30 after more than five decades in the auto business. He was most recently an adviser and served an extended stint as GM's product boss.