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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.
Shelby raffles off last 50th-anniversary Cobra
Thu, 19 Jan 2012Shelby is celebrating its 50th anniversary in style, first at the Detroit auto show with a few black-and-gold Shelby Mustangs, and now at the Barrett-Jackson auction in Arizona with the last example of the 50th-anniversary Shelby Cobra. The car won't be sold to the highest bidder though; it will be raffled. Tickets cost $25 apiece or five for $100.
Shortened LX rear-drive platform--Chrysler's midsize car answer?
Mon, 22 Jun 2009Chrysler's new management team is wrestling with its first major product decision, and it's a crucial one: how to replace the slow-selling Chrysler Sebring and Dodge Avenger. One option--a stretched version of Fiat's compact D-Evo platform--faces serious hurdles, and one early proposal--use of an Opel platform--is off the table. Now sources say Chrysler Group LLC could replace its much-maligned mid-sized cars with a model based on the Chrysler 200C EV, a concept shown at the Detroit auto show in January.