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Concept Car of the Week: Ghia Streamline X 'Gilda' (1955)

In 1954 Virgil Exner, director of styling at Chrysler, created a scale clay-model to communicate to his team his vision of futuristic and aerodynamic shapes. The sculpture was then painted black and was left on display in Exner's Office. There it caught the eye of Luigi Segre, director of Ghia who expressed his intentions to create a car inspired by the forms of the model.

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.

Subaru Impreza

Following on from the Impreza concept that debuted at L.A last year, the all new Subaru Impreza, set to be unveiled at New York looks set to retain most of the concepts attributes. Subaru have officially 'teased' this side profile shot of the car, showing that the concepts pronounced arches, DLO and surfacing seems to have made the transition to production model, relatively unscathed. Subaru have been relatively scarce with information on the new model, other than to say that the new design results in a roomier cabin, with new level of comfort and refinement.