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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.

2013 Porsche Panamera facelift caught on video

The facelift for the Porsche Panamera is due to arrive later in 2012 (or early 2013) and has been caught on video in Stuttgart. It’s three years since the Porsche Panamera was revealed at the 2009 Shanghai Motor Show and it’s time for Porsche’s big saloon car to get an overhaul. The 2013 Panamera, complete with cosmetic tweaks and oily updates, is something we expected to see at the Geneva Motor Show in 2013, but with what looks like almost complete cars popping up in Stuttgart perhaps the tweaked Panamera is going to bow in at Paris in September instead?

Jaguar signs up Lana Del Rey to make the F-Type cool

Jaguar has revealed it has signed up singer songwriter Lana Del Rey to help promote the new F-Type sports car. Land Rover chose to use Mrs Beckham to promote the Range Rover Evoque, and went as far as allowing her input in a limited edition Evoque Beckham, a move that probably generated more column inches of PR for Land Rover than any amount of money could buy. So Jaguar are going a similar way with the F-Type, but instead of signing a Spice Girl they’ve had the sense to look at what is new and cool, and they’ve very sensibly decided the face of the F-Type is going to be singer songwriter Lana Del Rey.