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Fatal Tesla Autopilot crash, Porsche debuts 2017 Panamera | Autoblog Minute

A roundup of this week's car news includes the first fatal Tesla Autopilot crash and Porsche's reveal of the 2017 Panamera. Senior Producer Chris McGraw reports on this edition of Autoblog Minute. Show full video transcript text [00:00:00] A motorist is killed while using Tesla Autopilot. In what is believed to be the first fatal accident involving Tesla's autonomous driving feature, the Model S failed to stop when a tractor trailer drove across the highway perpendicular to the Model S, and the car drove underneath the truck. Tesla said the trailer's white paint set against the bright sky were the reason the driver and the Autopilot didn't stop the car. Tesla also called this accident a "tragic loss," and pointed out that it's the first death involving Autopilot in more than 130 million miles. The National Highway Traffic Safety Administration [00:00:30] has opened a preliminary evaluation of Tesla's Autopilot. Its evaluation will look at the design and performance of Autopilot during the crash. Find more details at Autoblog.com. The 2017 Porsche Panamera made its official debut this week. With a clear styling link to the Porsche 911, we think this is the best looking Panamera yet. The new Panamera's body is made mostly from aluminum, minus some high-strength steel and optional large panoramic roof overhead. A completely new range of engines powers the second-gen Panamera, starting [00:01:00] with a twin-turbo 2.9-liter V-6 that puts out 440 horsepower and 405 pound-feet of torque. The Panamera Turbo boasts a 4.0-liter, twin-turbo V8 with 550 hp and 567 lb-ft. Both the 4S and the Turbo come with standard all-wheel drive and an eight-speed PDK dual-clutch automatic transmission. Porsche is claiming that this Panamera set the Nurburgring record for a production sedan finishing just 14 seconds quicker than the outgoing model. We expect to see the 2017 [00:01:30] Porsche Panamera hit deals in January of 2017. Find more details at Autoblog.com. I'm Chris McGraw. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. Porsche Tesla Autoblog Minute Videos Original Video

$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.

Auto journalist ordered to pay big money for blowing up Porsche 917 engine [UPDATE]

Racecars blow engines all the time, but a Porsche 917 isn't just a run-of-the-mill racecar. British automotive writer Mark Hales reportedly borrowed a 917 from 82-year-old former Formula One racer David Piper for a magazine article, and mechanical tragedy ensued. Nobody is arguing that the engine failed after being spun to 8,200 rpm. However, Hales was warned not to exceed 7,000 rpm, says owner Piper, and the affair landed in English courts with Piper seeking £50,000 - over $79,000 US - in reimbursement funds for an engine rebuild and loss of use of the car while it was being repaired. Judge Simon Brown ruled in favor of car owner Piper, putting Hales on the hook for £110,000 ($174,000) including legal fees - a whole lot of money in any language.
Hales says the Porsche suffered a mechanical fault while lapping that allowed it to slip out of gear and over-rev. Piper wasn't convinced, and sought to have the repair paid for by the guy who broke the racer, saying "If you bend it, you mend it." It's not like Hales is a novice driver, having seat time in both professional and amateur races over 30 years, notching about 150 wins, but even the best drivers sometimes miss a shift, and that's what Piper contended happened to his car.
According to reports, Hales has had to sell most of his valuables to pay his lawyers and is now facing bankruptcy with the ruling against him. Members of the Pistonheads website are trying to coordinate a collection to help him out, as well.