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News watch December 2010: today's auto industry news

Sun, 31 Oct 2010 00:00:00 -0700

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.

Caterham AeroSeven Concept previews new Caterham in 2014

Fri, 20 Sep 2013 00:00:00 -0700

The Caterham AeroSeven Concept (pictured) previews a new Caterham in 2014 It’s a new Caterham, but a new Caterham that signals not only a new model for 2014, but a new design direction as Caterham moves towards the fruits of their alliance with Renault on the Alpine project. The Caterham AeroSeven isn’t a look at Caterham’s version of the Renault Alpine project, but a new track-inspired road car designed in a collaboration between Caterham Technology and Innovation, Caterham F1 and Caterham Cars. The new Aero Seven’s underpinnings come from a revised version of the Seven CSR’s chassis with pushrod suspension at the front and full IRS with new dampers and springs.

Red Bull 1-2 at Silverstone

Sun, 21 Jun 2009 00:00:00 -0700

Red Bull's Sebastian Vettel drove to victory in the British Grand Prix at Silverstone Red Bull brought a newly upgraded car to Silverstone, and boy, did it show. They dominated the weekend and achieved a 1-2 finish, with Vettel cruising from start to finish in an astonishing display. Webber got stuck behind Barrichello in the Brawn off the line, allowing Vettel to storm away.