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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.
Computer gamer headed for Formula 1
Wed, 19 Feb 2014THE WINNER of a computer game competition is now headed for the real world of Formula One with World Champion Sebastian Vettel’s Infiniti Red Bull racing team. Jann Mardenborough won Nissan’s competition to find a new racing driver by beating his rivals on a racing simulator game. His prize was a seat in a variety of racing cars since his victory in 2011 and now he will race in the GP3 series, which is the recognised route to Formula One.
CDN-GM Interactive Design Competition 2014 now open!
Thu, 17 Jul 2014Car Design News and General Motors are pleased to announce the 2014 edition of the CDN-GM Interactive Design Competition is now open for entry. This is the fourth running of the contest that challenges the design students of North America to create GM's future, with the guidance of professional designers and fellow students. Up for grabs are six, three-month paid internships that offer the chance to work alongside GM's design teams at the world-famous Tech Center in Warren, MI.