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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.
De Tomaso sold by Rossignolo
Thu, 09 Feb 2012De Tomaso sold to unknown investors De Tomaso – the ill-fated Italian supercar maker – has been sold by Gian Mario Rossignolo after a financially fraught revival attempt. De Tomaso seems fated to lurch from one financial crisis to another – as it has throughout its history – with the latest efforts by former Fiat executive Gian Mario Rossignolo to revive the marque floundering for investment. And it looks like Rossignolo has given up the fight and sold out to unnamed investors.
Lexus, Honda and Kia reveal teasers for 2014 Detroit auto show
Thu, 19 Dec 2013By Ollie Kew First Official Pictures 19 December 2013 17:00 Ahead of the Detroit motor show in January 2014, Lexus, Honda and Kia have all received teaser shots of their new offerings. We’ve rounded the up into one bite-size story to cut to the heart of what we’re really looking at. After previously flashing us a shot of wheel and vent, Lexus has now unveiled a shot on what’s all-but-confirmed to be the new RC-F coupe’s vented bonnet.