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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.

Hyundai i30 R Turbo at Geneva 2013

The anticipated ’hot’ Hyundai i30 looks like it’s arriving at the 2013 Geneva Motor Show with the turbo engine from the Veloster. It’s nearly a year since we reported that Hyundai were planning to make a performance version of the i30, with the 1.6 litre turbo from the Velsoter Turbo promising decent performance and up to 200bhp. Now Autoblog in Spain are reporting that a Hyundai i30 RS (or i30 R or i30 GT or i30…) will arrive at the 2013 Geneva Motor Show as a prelude to a 2014 launch.

Lexus LF-LC Concept – a fresh look ahead of Detroit

New Lexus LF-LC Concept Photo Lexus has released a couple of new pictures of their LF-LC Coupe Concept ahead of its reveal next week at the Detroit Auto Show. We had a few teases for the Lexus LF-LC Concept last month as Lexus ramped up interest for the Detroit Auto Show, but the teases came to an end after an offical photo of the LF-LC leaked. That predictable escape in to the wild of one of Lexus’ own photos motivated Lexus to reveal an official photo showing the LF-LC in profile.