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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.

Kia announces new concept to debut in Frankfurt

Kia will unveil a new B-segment concept at next month's Frankfurt motor show, following from the similarly sized recent Provo and CUB concepts. The unnamed concept, previewed in two renders, is said to feature a mix of contrasting materials inside the compact car and has been designed in Europe to suit European tastes and expectations. The interior render shows a one-piece seat base for driver and passenger, pierced by a pair of braces that support the IP.

Students experiment with interactive window glass for GM

General Motors is thinking long term for its back-seat entertainment. It worked with students from the Future Lab at Bezalel Academy of Art and Design in Israel to develop apps that run on a car's rear side windows. The project, called Windows of Opportunity, was inspired by studies that say passengers often feel disconnected from their environments.