Crown Automotive J8132312 Oil Filler Cap on 2040-parts.com

Bugatti Veyron Grand Sport Vitesse world speed record: Video

We hoped that tease might be for something really interesting and new – perhaps the much rumoured 1600bhp Veyron or even the Galibier –  but it was simply a new world record for an open-topped production car. Impressive, of course, but just more of what we expect from Bugatti, rather than something new and innovative. The new world record for the Vitesse was set at the VW facility at Ehra-Lessien where Chinese driver Anthony Liu took the Veyron Grand Sport Vitesse to 254mph, creating a new world record for an open-topped production car and, more importantly for Bugatti, an excuse to produce a limited run of the Veyron Grand Sport Vitesse WRC Edition with a black and orange paint job for €1.99 million each.

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.

Nissan debuts Sport Sedan Concept at Detroit auto show

Nissan introduced the Sport Sedan Concept to go along with its IDx twins at the Detroit auto show on Monday. The company says the sleek four-door embodies the next-generation design cues, including the V-Motion front end, floating roof and boomerang headlights. “The Sport Sedan Concept shows a new, highly emotional and energetic design direction that takes Nissan's approach of applying sports-car principles to a sedan to the next level,” said Nissan vice president Shiro Nakamura.