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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.

How safe are new minicars?

The Insurance Institute for Highway Safety (IIHS) recently tested a total of 11 minicars in its relatively new small-overlap crash test, and the Chevrolet Spark was the only one to earn an Acceptable rating. The small-overlap crash test was instituted in 2012 with the goal of better replicating real-life car crashes, most of which don't follow the pattern of traditional government crash tests. Instead of a car hitting a stationary object with 100 percent of its front making contact, the small-overlap test examines how a car behaves in a frontal impact at 40 mph where only a quarter of the car's front hits an object.

Project Car Hell, Fix It Again (and Again and Again) Tony Edition: 124 Sport Spider or Strada?

Is it possible for a car to be too horrible even for Project Car Hell? Given the fact that, in the past, we've made you choose between a Hurricane Sandy-immersed Aston Martin Lagonda and a similarly flooded GAZ-21 Volga, you might think the answer to that question would be an emphatic no. Why, even last week we threatened you with eternal Simca damnation!