1987 Pontiac Grand Prix Le G Body on 2040-cars

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'We're not a hedge fund': Porsche plans to curtail speculators and flippers

A sizable number of speculators view cars as an investment. Rare or unusual models are quickly snapped up and either parked for years or flipped for a profit. Cars from automakers like Porsche and Ferrari are more prone than others, and at least some people behind these models are getting a bit tired of it. While it's difficult to police what goes on after you sell a car, Porsche has some plans that might curtail the problem before it starts. Andreas Preuninger, the head of GT road-car development and the man behind the new 911 GT3, spoke to Car and Driver at a recent event. "I personally like to see my cars being used," he said. "That's what we build them for. They are just too good to be left to stand and collect dust." One recent example of this rampant speculation is the 911 R. While the special manual-only model sold for $185,950 when new, used versions were selling for nearly $1.3 million just months after it went on sale. While the car is a masterpiece and an instant classic, a good number will be parked and simply used as art and not the rolling testaments to the man/machine interface they were intended to be. The concern over valuations has become so fierce that some owners are upset that Porsche is offering the new 911 GT3 with a manual transmission, fearing that it may hurt the value of the 911 R. "When I said we're not a hedge fund, I'm talking to those people who are yelling at us for offering the manual transmission similar to the R," Preuninger said. "But if there are people wanting to buy cars like that, then as a company we should try to fulfill that, to meet that demand." It seems Porsche is keeping a close eye on who is flipping cars. Since there is often far more demand than supply with certain models, the German automaker has a name for every car before it's built. Buyers with bad reputations might not even make the wait list. Related Video:

There's a 'Knight Rider' movie in development

James Wan, who has directed films from the first "Saw" to "Aquaman," with "Furious 7" in between, and produced even more projects, is producing a new Knight Rider movie according to a report in Deadline. Just in case there's a reader who doesn't know, Knight Rider was one of the seminal trio of iconic-car shows from the 1980s, along with "The Dukes of Hazzard" and "Miami Vice." The series lasted 90 episodes that ran from 1982 to 1986, following the crime-fighting exploits of Michael Knight, a man who crusaded for justice after being shot in the face. Billionaire Walton Knight hired Michael to work with the Knight Foundation, where Michael helps develop the Knight Industries Two Thousand, a Pontiac Trans-Am with AI that can talk, drive more than 200 miles per hour, and could teach MI6's Q Branch about gadgetry. Collider described David Hasselhof's Michael Knight as "crimefighter by trade and wearing-a-leather-jacket-with-no-shirt-underneath innovator by hobby." The show made such an impression that there was a series spinoff called "Code of Justice," two TV movies in 1991 and 1994, a convention called KnightCon, and a series reboot on NBC that lasted for one season from 2008 to 2009, as well as stores full of action figures and models and literature, YouTube fan-made trailers and movies, and this wacky German-dubbed short "Knight Rider" film starring Hasselhoff. We don't know anything about the new movie's plot yet, other than that it's set in the present. T.J. Fixman, better known for now as a video game writer who worked on franchises like "Ratchet and Clank" and "Resistance: Fall of Man," has been attached to write, with a mandate to keep "the anti-establishment tone of the original." With matters still early in development there's no telling when the movie will hit theaters, and Wan's probably got his hands busy with the new MacGuyver reboot for CBS, anyway. Now that there's already been a Knight Industries 2000 and 3000, that gives us plenty of time to imagine — in a world where 200-mph hypercars powered by everything sprout like weeds and even Cannonballers are using military-like equipment — what would a Knight Industries Four Thousand possess? And would it be called KIFT? Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

NHTSA investigating 550k Pontiac G6 models, 320k Honda Odysseys

According to two separate reports in The Detroit News, the National Highway Traffic Safety Administration is launching investigations into 550,000 Pontiac G6 (pictured above) and 320,000 Honda Odyssey (pictured right) models. The G6 models are all from the 2005 to 2007 model years, while the Odyssey minivans are from the 2003 and 2004 model years. The two NHTSA probes are not related.
In the case of the G6, this is an upgrade to an original investigation that started in February after NHTSA received "hundreds of reports" that the brake lights on these cars may malfunction. According to The Detroit News, the lights may come on when the brake pedal is not depressed, and likewise, the brake lights may not illuminate when the pedal has been pushed. General Motors was able to provide NHTSA with a significant number of warranty claims, including 1,100 reports that could potentially relate to this problem, one of which indicates a vehicle crash.
For Honda, the NHTSA probe concerns airbags that may deploy unexpectedly. The government agency received six complaints from 2003-04 Odyssey owners saying that the front airbags suddenly went off without a crash. The Detroit News reports that three of the six owners sustained injuries from these incidents. Additionally, NHTSA has received 41 complaints from owners saying the vehicle's airbag warning light had illuminated.