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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.

Mercedes-Benz Concept S-Class Coupe stars at the 2013 Frankfurt Motor Show

Mercedes is on a luxury drive here at Frankfurt 2013, displaying many different versions of its ‘best car in the world’ S-Class saloon, as well as this: the Concept S-Class Coupe. It’s a massive two-door, four-seat coupe based on the S-Class that combines luxury and style. Over at the Bentley stand, the Continental GT is quaking in its boots…

Ellesmere Port Celebrates Five Decades Of Production

VAUXHALL recently celebrated 50 years of production at its Ellesmere Port facility by recreating the original 1964 press image of the first vehicle coming off the line, in the same production location with today’s Astra alongside. The first new car to be produced at Ellesmere Port was a Vauxhall Viva HA, a model name that would run in a number of variants until 1978, when it was replaced by the Chevette. The Viva cost £527 7s 11d at launch.