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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.
New 2015 Volkswagen Passat detailed ahead of July reveal
Mon, 26 May 2014The 2015 VW Passat (pictured) is lighter and more economical The eighth generation Volkswagen Passat is detailed today by VW with design sketches and the news that the all-new Passat will lose 85kg in weight and get more economical engines. Due to be revealed in the metal in July – and debuting at the Paris Motor Show in October – the new Passat will go on sale before the end of 2014 with first deliveries in early 2015. Thanks to a weight loss of upt 85kg – achieved by using high-strength, hot-formed steel and aluminium in some areas – the new Passat will offer fuel efficiency improved by up to 20 per cent and, although the exterior dimensions of the new Passat are slightly smaller than the current model, the new Passat will offer more room for passengers and luggage.
Vauxhall Insignia VXR revealed
Wed, 15 Apr 2009Range -topping Vauxhall Insignia VXR to launch at Barcelona in May Latest to the market is this range-topping Insignia – the Vauxhall Insignia VXR (Opel Insignia OPC in Europe) – a 325bhp rocket version of the successful Insignia. With a new adaptive four wheel drive system and electronic limited slip diff, the Insignia VXR has bags of grip and great roadholding. It sits 10mm lower than the Insignia SRi, and the HiPerStrut front suspension keeps torque-steer in check.