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$1.4B hedge fund suit against Porsche dismissed

Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the Stuttgart Regional Court has dismissed a 1.4-billion euro ($1.95B US) lawsuit, the decision explained by the court's assertion that the investors would have lost on their short bets even if Porsche hadn't misled them.
Examining the hedge funds' motives for stock purchases and the bets that VW share prices would fall, judge Carola Wittig said that the funds didn't base their decisions on the key bits of "misinformation," and instead were participating simply in "highly speculative and naked short selling," only to get caught out.
With other cases still pending, the continued streak of victories bodes well for Porsche's courtroom fortunes, since judges will expect new information to consider overturning precedent. If there is any new info, it could come from the potential criminal cases still outstanding against former CEO Wendelin Wiedeking and CFO Holger Härter, who were both indicted on charges of market manipulation.

Porsche Cayman S and Caterham 7 go head to head on the drag strip

We recently saw the standard Porsche Cayman go up against a Subaru WRX STI in a one-mile drag race with surprising results. Apparently, Evo had a similar idea of evaluating the Cayman's quickness. However, it opted for the more powerful S model and chose a flyweight Caterham Roadsport 140 as the challenger. Will the results of this battle be as close at the end of the kilometer-long (0.62-mile) drag?
Neither of these are cars you'd usually associate with drag racing, but they are nearly evenly matched. Evo selected them based on power-to-weight ratio, with the Caterham offering a scant 140 horsepower in a lithe 1,213-pound package. The Porsche is a quite svelte 2,910 pounds but has 325 hp to haul it around.
Of course, power-to-weight ratio isn't everything. There are a ton of other variables like aerodynamics and gearing that play a huge role, as well. Can the little Caterham's weight advantage overcome the better aero and additional power of the Porsche? Scroll down watch the video and find out.

Porsche announces plan to replace 911 GT3 engines

About a month back, we reported that Porsche was suspending delivery of its 911 GT3 due to reported incidents of the engine bursting into flames. A few days later, Porsche told owners of the new track-ready models not to drive their cars and had their local dealers pick up the cars in question. Just a couple of days ago, we reported that Porsche was working on a fix, and now we have the official details.
Following an internal investigation prompted by two such incidents, Porsche has confirmed that is has identified the problem as resulting "from a loosened screw joint on the connecting rod." The loose connecting rod, Porsche found, damaged the crankcase, which in turn resulted in oil leaking and then - in at least two cases - igniting.
Our source is unaware of Porsche being contacted by GT3 owners concerned about the impact of a replacement engine on their car's collectibility or resale value.