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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.

Saab 9-3 Convertible Independence Edition

The Saab 9-3 Convertible Independence Edition Last week we ran a story about Saab’s Concept for the Geneva Motor Show, which we expect to be a concept version of the new Saab 9-3, but could be a first look at the smaller Saab 9-2. What we did say in that report was that apart from the Saab Concept we would see the debut of the Saab 9-5 SportCombi and a couple of limited edition Saab 9-3s – one of them a convertible. Well, with a week or so to go to the Geneva Motor Show, the limited edition Saab 9-3 convertible has leaked out through the well-informed Saabs United as the Saab 9-3 Convertible Independence Edition.

Audi launches special TTS to celebrate 500,000 sales (2013)

By Martin Saarinen First Official Pictures 16 October 2013 16:00 Audi is unleashing a special edition TTS, with RS looks and lashings of equipment. The TTS Limited Edition commemorates the iconic Audi smashing the 500,000 sales barrier, in its fifteenth year on sale. Priced from £38,860 for the coupe and £42,320 for the roadster, the special TTS costs £2815 or £4115 more than its coupe or roadster equivalent, but Audi claims the cars get an extra £5665 of kit to tempt punters.