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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.

Porsche Boxster S Black Edition at Geneva

The Porsche Boxster S Black edition Just over a week ago we had a Black Edition Porsche revealed as on the way to Geneva – the Porsche 911 Black Edition. Today we get the Porsche Boxster S Black Edition. We can but assume that either Porsche has stumbled on a job lot of black paint and leather, or the designer of their limited edition models is going through their dark phase.

Bugatti Veyron Super Sport speed record cancelled by Guinness

The title of the world’s fastest car held by the Bugatti Veyron Super Sport has been removed from the Guinness World Records. But, nearly three years on from when the Veyron Super Sport achieved its world record run of 267.81mph, Guinness World Records have decided that it’s invalid. It seems the heirs to the McWhirter twins have discovered the Veyron Super Sport Bugatti used for their record setting run wasn’t a standard production car, but that Bugatti had removed its speed limiter.