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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.

James Bond car chases – 50 years in 2 compilation videos

With the James Bond film franchise celebrating 50 years, we have two videos of Bond car chases to enjoy. For those of us who grew up with Sean Connery and Aston Martin as the Bond ingredients that matter, nothing is better than James Bond in an Aston Martin DB5. But there have been many other Bonds in the 50 year history of the Bond franchise – from Sean Connery to Daniel Craig by way of Roger Moore, Timothy Dalton, George Lazenby and Pierce Brosnan – and even more cars, from BMW to Lotus by way of Toyota and Sunbeam.

Fiat to build crossover on 500 platform

Fiat plans to start production of a crossover variant of its 500 minicar next year. The new model will be called the 500X, with the letter X standing for cross, company sources told Automotive News Europe. The car will replace the Sedici in Fiat's Europe lineup.