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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.

Audi Sketches Out Plans For Its New Tt

WITH the launch of its new model just around the corner, Audi has released design sketches as a teaser for its forthcoming third generation TT. The sports coupe has proven to be a popular model for the German firm, and next month will see the unveiling of the latest version at the influential Geneva Motor Show. Although technical details are currently scarce, it’s clear to see that the car’s design is more of an evolutionary step from the current model.

It’s the Jaguar F-Type Roadster UPDATED +video

Jaguar F-Type Roadster The Jaguar F-Type is the production name for the C-X16 Concept and will arrive as a Roadster first in early 2013. Well, Jaguar F-Type was one of the monikers we pitched as a possibility for the new Jaguar Roadster and Coupe previewed by the C-X16 Concept, but it was a long way off the top of the list. But Jaguar F-Type it is and, for what it’s worth, we approve.