2003 Porsche 911 Carrera Coupe Targa W/ New Motor!! on 2040-cars

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Porsche again staring down another $1.8B in hedge fund lawsuits

The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued the car company in New York. Porsche had publicly stated it wasn't trying to buy VW, the hedge funds in question were shorting VW stock, and when Porsche's actual intentions were revealed, the stock shot up and the hedge funds took a beating.
The case was thrown out over the issue of jurisdiction, then appealed, only to see another suit filed on top of that. After that, most of the hedge funds withdrew their claims in New York and Porsche offered a 90-day window to refile in Germany where it is already fighting a number of other suits over the same issue. The hedge funds accepted the offer, refiling in Stuttgart for $1.8 billion in damages. According to Bloomberg, Porsche hasn't commented on the refiling, but as the same plaintiffs are involved, it's safe to assume that the carmaker still feels the case is "unsubstantiated and without merit." It has fared alright so far even in German courts, with two lesser cases against it thrown out last year.

Next-gen Porsche 911 may include plug-in hybrid version

According to Auto Express, there's a plug-in hybrid Porsche 911 on the way, and it could arrive as soon as the introduction of the next-generation car. At the Detroit Auto Show, the UK outlet spoke to 911 product line director Dr. Erhard Mossle, who said the Stuttgart automaker was "working on different solutions" for the next iteration of its most iconic car, and, "of course, we are discussing plug-in solutions for the 911, but there are a lot of things to solve with packaging in the car and other things to solve. It will maybe be in the next generation, yes." "When we see the 911," he said, "we see the plug-in hybrid as a performance car." Since we just saw the introduction of the turbocharged powerplant in the 911 Carrera last summer, we can expect a wait of at least four years for the next powertrain evolution. Mossle said that any 911 PHEV would remain a sporty proposition and likely retain the flat-six engine, which would give more prestige than the four-cylinder 718 (Cayman and Boxster) yet still be able to satisfy emissions regulations. Mossle is echoing the comments made by Oliver Blume, chairman of the executive board at Porsche, at the Detroit show when Blume said the production version of the Mission E concept would be a sports car that happens to be electric. As far back as 2009, in fact, Porsche has been openly discussing an electric 911, the caveat even then being that it has to perform like a Porsche while providing decent range. In the middle of 2014 it was reported that the carmaker might make a 700-horsepower 911 Turbo S hybrid, by the end of 2014 it was reported that the automaker wouldn't make a 911 hybrid. A year after that first report, a 911 hybrid was back on, using the E-Hybrid system supposedly dismissed six months before, and then last November we got spy shots of a 911 with a supposed PHEV port. But with its Mission E work, and being designated to lead the Volkswagen Group's R&D into performance hybrids, a battery-boosted 911 might finally make sense. Related Video:

Porsche not responsible for Paul Walker and Roger Rodas crash

A US District Court judge has found that Porsche wasn't responsible for the Carrera GT crash that killed Roger Rodas and actor Paul Walker, according to The Detroit News citing the Associated Press. Rodas' widow, Kristine, brought the lawsuit against the German automaker, but the court ruled there was a lack of evidence for her case. "Plaintiff has provided no competent evidence that Rodas' death occurred as a result of any wrongdoing on the part of defendant," US District Judge Philip S. Gutierrez ruled, according to the AP. Rodas' lawyer pledged to appeal the decision. Rodas' lawsuit asserted that the Carrera GT's right rear suspension failed and also cited the Porsche's lack of a proper fuel cell or a crash cage as factors. However, the judge didn't see any evidence for the suspension failure. He also criticized the expert for Rodas' side for analyzing tire marks from over a month after the crash rather than the photos from right after the incident, the AP reports. A 2014 investigation by the Los Angeles County Sherriff's Department blamed unsafe speed as the fatal accident's cause. The investigators reported that the Carrera GT was doing between 80 and 93 miles per hour when the crash happened. They also found nothing mechanically wrong with the supercar but did discover that the tires were over nine years old. The LA County Coroner ruled that both deaths were accidents. According to the AP, the lawsuits from Walker's daughter and his father against Porsche are still pending in Los Angeles Superior Court, and the district court ruling doesn't affect them. In each case, Porsche denied being at fault and cited the sheriff's investigation as support for that argument. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.