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News watch December 2010: today's auto industry news
Sun, 31 Oct 2010Welcome 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.
BMW GINA Light Visionary Model concept (2008): first photos and video
Tue, 10 Jun 2008By Nargess Shahmanesh-Banks First Official Pictures 10 June 2008 00:00 Who’d have guessed that BMW’s latest concept car would be made of cloth? The GINA Light Visionary Model – unveiled today – is a far-flung research concept from Munich that has shaped the latest generation of BMWs. This car can change shape and surface at the flick of a switch, and the 'GINA' principles it espouses have been used to craft today's BMW design language.
Infiniti's Andy Palmer talks world domination
Wed, 16 Oct 2013Along with the news of a new Infiniti global flagship sedan, we sat down with Nissan/Infiniti vice president Andy Palmer to discuss the brand's new goals and the challenges it'll face achieving them in a competitive global market. Why is Nissan becoming so ambitious with Infiniti? In today's industry, 12 percent of the volume and 50 percent of the profits comes from the premium group -- defined by 13 nameplates.