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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.
McLaren plans three models, including £60k sports car
Tue, 28 Oct 2008By Tim Pollard Motor Industry 28 October 2008 14:36 McLaren Automotive is readying a family of sports cars to sell alongside its hardcore P11 supercar – including a bargain-basement, £60,000 sports car. We’re following developments at McLaren’s Woking HQ with interest and – weeks after we published world-exclusive pictures of the P11 styling buck (above) – today we can reveal that McLaren is readying three separate model ranges. McLaren Automotive, the car-building arm of the McLaren Group, is plotting a three-tier range of sports cars, CAR understands. Under the McLaren Development Plan, Ron Dennis and the other directors plan to expand the manufacturing base dramatically.
Aston Martin recall the majority of cars built since 2007
Thu, 06 Feb 2014Aston Martin are recalling most of their cars from the last six years A recall by Aston Martin of 17,590 cars might not seem a big deal when you’ve seen recalls from the likes of Toyota running in to the millions. But Aston Martin is a small, bespoke make of high-end luxury GTs and Sports cars, and 17,590 cars is three-quarters of all the cars they’ve built since November 2007. The recall affects all left-hand drive cars built from November 2007 to December 2013 and all right-hand drive cars from May 2012 to December 2013 and is because of some less than kosher plastics in the accelerator pedal.