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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.
Ford EcoSport concept
Wed, 04 Jan 2012Ford is choosing the New Dehli Auto Expo to unveil its EcoSport concept. The all-new crossover vehicle is comparable to the Fiesta in size and is built atop Ford's new B-Car architecture. Designed in Brazil under the direction of Joa Marcos De Oliveira Ramos, the EcoSport is poised to be a significant part of the company's ‘One Ford' strategy that will see the previously Brazilian only EcoSport rolled out further afield in markets both developing and mature.
Dacia Duster SUV already selling well in UK
Mon, 29 Oct 2012Despite no one in the UK yet having the chance to see or drive the new Dacia Duster SUV, Renault has taken over 1,000 orders. Renault has revealed that the Duster is selling well ahead of its arrival in the UK, despite none of its dealers having their own Duster to coax buyers in to a purchase. In the 100 days since the order book for the Dacia opened, Renault has taken more than 1,000 orders from all round the UK.