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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.
Aston Martin V12 Zagato confirmed for limited production
Sat, 02 Jul 2011Aston Martin V12 Zagato confirmed for production It didn’t take a genius to work out that the Aston Martin V12 Zagato would not just be incarnated as the Zig and Zag cars for the Nurburgring, but as a proper production car. Not a production car in the true sense, but a limited edition car much like the Aston Martin Zagato’s gone by. In fact we reported some time ago that we expected the V12 Zagato to start a limited production run of either 89 or 99 cars as soon as the Aston Martin One-77 ends production, and that the target price would be in the £300-350k range.
Mitusbishi MiEV starts UK Trials
Sat, 12 Dec 2009The Mitsubishi MiEV starts public trials in the West Midlands today There seems to be a perception that we at Cars UK Towers are anti electric cars. We’re not. What we’re against is the mad pseudo-science that tries to declare electric cars as zero emission and the saviour of the planet.