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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.

Bypassing the graduated driver's license program

Teens aren't getting driver's licenses like they did 20 years ago. Even the licenses themselves have changed, and the cost of insurance and fuel are considered contributing factors in the lack of teen enrollment in driver training. Flip through our coverage below for our look at the state of teen driving, and a list of websites that offer innovative ways to track your teen driver and their driving habits.

2011 Freelander 2: The “Claynation” TV Ads

The 2011 Land Rover Freelander 2 Claynation Advert Success breeds success (although probably because success frees up budgets). And there aren’t too many car companies around who’ve managed to rebound better from the worst the world can throw at them than Land Rover. Not only has Land Rover weathered the storm of world financial meltdown – despite its products being at the premium end of the scale – it has also managed to thrive despite the protestations of the eco-mentalists that Land Rover’s products are destroying the planet.