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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.

National Motorists Association says get out of the way

This is a no-brainer to AutoWeek readers, but the National Motorists Association has launched a publicity campaign urging drivers to not block the left lane and cause traffic problems. The group has named June "Lane Courtesy Month," which coincides with higher traffic volumes for the summer. The group says a driver is lane-courteous when he or she is keeping clear of the left lane unless passing slower-moving vehicles, then moving back into the right lane as soon as possible.

Karmann-Ghia Coupé redesigned by Brazilian students

The winners of the Karmann-Ghia Brazilian student competition to design a modern interpretation of its classic Volkswagen Karmann-Ghia Coupé have been revealed. Over almost 60 years the German-Italian company has become an important supplier of car bodies and tooling in Brazil, but the market has lacked a model carrying the Karmann-Ghia badge since the '70s. The original coupé, which inspired the contest, was launched in Brazil in 1962 and remained in the market for 10 years before it was replaced by the Volkswagen SP – considered the first car completely developed in the country.