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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.

Skip Barber Racing School offers lifetime access for $295,000

The Skip Barber Racing School is offering a lifetime pass to its various driver-training and racing programs. The cost: $295,000. Barber's Fast Pass for Life allows drivers to fill available seats at any of the school's programs--its racing schools, high-performance driving schools, Mazda driving schools and race-series activities.

New Morgan Aero Coupe, Plus 8 & revised Roadster at Geneva

The New Morgan Aero Coupe arrives at Geneva 2012 The Morgan Aero Coupe – a coupe version of the Morgan Aero Supersports – will debut at the Geneva Motor Show in March. Morgan may have been around since the stone age, but they don’t exactly churn out new models by the bucket load. That looks set to change at the Geneva Motor show in March as Morgan reveal three new models.