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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.
Volkswagen Up concept
Tue, 11 Sep 2007By Ben Barry Motor Shows 11 September 2007 09:54 Volkswagen Up!: the lowdown Volkswagen today unveiled what it hoped will be the modern-day successor to the Beetle: the Up! concept, a small city car targeted at the young, the cash-poor, and the environmentally aware. Available with either a rear-mounted two- or three-cylinder engine, a production, rear-wheel drive Up!
Ford Fiesta ST500 (2008): first official pictures
Tue, 10 Jun 2008By Dimitri Pesin First Official Pictures 10 June 2008 16:36 As we prepare to wave goodbye to the current Fiesta, Ford has released a special edition ST to keep interest in its hot-hatch alive. A hard job indeed, with the stunning looks of the Verve concept being carried through to the next-gen car. It hasn't stopped Ford trying hard though and, following in the footsteps of the Focus ST500 that was released in 2008, all Fiesta ST 500 models come in metallic black with a U-shaped stripe on the front. According to Ford, the new scheme is designed to echo the livery of the classic Escort RS2000 of the ‘70s.