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News watch December 2010: 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-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.

Auctioneer Celebrates 50 Years of Ford's Mustang With Sale of Rare Coupe

AS Ford’s iconic Mustang celebrates its 50th anniversary, a1964 Mustang 1/2 Coupe, produced as part of the earliest production run of the iconic car, is ready to go under the hammer at Silverstone Auctions’ May Sale on May 24th. Regarded as the purest of all Mustangs, this rare car, estimated between £14,000 to £18,000, was built at Ford's Dearborn Michigan plant on 26th June 1964. Crucially it still has its original 260CI V8 Engine and Cruise-O-Matic transmission.

Coys To Auction Aston Martin Linked To Bond Author Ian Fleming

A 1954 Aston Martin DB 2/4, considered by many to be the inspiration for James Bond’s original Aston Martin in Ian Fleming’s novel Goldfinger, is to be auctioned by international auctioneers Coys this Saturday 12th July at Blenheim Palace. Not only was the DB 2/4 potentially the catalyst for Fleming’s characterisation of the famous fictional spy, but this particular car boasts an equally intriguing history. This Aston Martin, a DB 2/4 Mk I Vantage, was owned by Phillip Ingram Cunliffe-Lister, whose father was Lord Swinton, a close confidant of Winston Churchill, head of MI5 and the Security Executive during WWII, and Ian Fleming’s boss.