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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 Hybrid Hydrogen Rapide S race car revealed
Fri, 12 Apr 2013The new Aston Martin Rapide S was revealed in January, and now Aston Martin are taking the Rapide S racing, but with a twist – it’s going to be able to run on hydrogen. Aston Martin has been working with hydrogen experts Alset Global and have developed a twin turbo version of their 6.0 litre V12 that can run on petrol, gaseous hydrogen or a blend of both and the plan is to run the Rapide S at the 24 Hours of Nürburgring next month with at least one lap run on hydrogen alone. The hydrogen system in the Rapide S (which AM are calling a hybrid, but it’s only a hybrid in the sense it uses two fuels, not that it uses electric motors) has a hydrogen fuel rail, storage tanks and its won engine management system to control combustion.
Watch a Volvo find its own parking spot
Thu, 29 Aug 2013Cars that can navigate into a preselected parking spot have been around for a few years now, and they've proven that under the right conditions they can pull it off successfully most of the time. But what about a car that finds its own parking spot just after you step out? Volvo is about to show a car that can do just that, and it manages this feat without an array of sensors on the roof that make the car look like a military aircraft.