2008 Porsche 911/997 Turbo All Wheel Drive on 2040-cars

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Porsche board members facing another ˆ1.8B lawsuit over VW takeover bid

Back in 2008, Porsche got the bright idea that it could take over Volkswagen in the midst of the worst economic slump since the Great Depression. Ignoring that this was a catastrophic move for the Stuttgart sports car manufacturer that that eventually resulted in it nearly going bankrupt and eventually being taken over by the same company it sought to control, the aftermath has left Porsche Chairman Wolfgang Porsche and board member Ferdinand Piëch in the crosshairs of seven hedge funds that lost out during the takeover and are now seeking €1.8 billion - $2.43 billion US - in damages from the two execs, according to the BBC.
See, investors bet on Volkswagen's share price going down, partially because Porsche said it wasn't going to attempt a takeover. But Porsche was attempting to take over VW, having bought up nearly 75-percent of VW's publicly traded shares. When word broke that Porsche owned nearly three-quarters of VW (which indicated an imminent takeover attempt), rather than go down like the hedge funds bet it would, VW's share price skyrocketed to over 1,000 euros per share, according to Reuters.
Naturally, when you bet that a company's share price is going to drop and it in turn (temporarily) becomes the world's most valuable company, you lose a lot of money, unless you're able to buy up shares before prices jump too much. This led to a squeeze on the stock, which the hedge funds accuse Porsche and Piëch (who are both members of the Porsche family and supervisory board) of organizing.

Porsche 918 Spyder could lap the 'Ring even quicker [w/video]

Porsche had a lot to crow about at the Frankfurt Motor Show last week. Not only did it debut the new 50 Years edition and Turbo versions of the 911 and the new hybrid and diesel versions of the Panamera, but while unveiling the final production version of the new 918 Spyder, it revealed the record lap it set around the Nürburgring.
The 918 Spyder's 6:57 lap time makes it the fastest street-legal production car ever to lap the Nordschleife and the first to break the seven-minute barrier. But the driver who clocked the time thinks it can go even faster.
That driver was Marc Lieb, who has won the Nürburgring 24-hour race four times, making him something of an expert on the subject. In speaking with Australia's Drive TV, Lieb suggested that they could get even more out of the car, as you can hear for yourself in the video below.

Porsche 911 GT2 test mule caught in the snow

This may look like a weird, cobbled-together Porsche, but insiders tell us we're actually looking at the forthcoming GT2. Maybe even a GT2 RS. Those schooled in the intricacies of Zuffenhausen nomenclature will be suitably excited by now. But for the rest of us, the GT2 (with or without the RS) represents the pinnacle of the most hardcore 911s. It's essentially a 911 Turbo without the all-wheel drive but some other goodies thrown in – or to put it another way, it is to the Turbo what the GT3 is to the 911 Carrera. Porsche first did a 911 GT2 back in 1993 based on the 993-generation model. It then did another based on the 996, and then on the 997. But the last one we saw was the GT2 RS that came out in 2010, packing 612 horsepower channeled exclusively to the rear wheels through a six-speed manual transmission. The German automaker didn't do a GT2 version of the 991, but now that the entire model line is undergoing a transformation – and an near-complete switch to turbo power – it apparently has another one in store for us. Aside from ditching the Turbo's all-wheel drive, the new GT2 will be lighter and pack more power – as much as 700 hp, from what we hear. As you can see from the spy shots, the test mule spotted romping in the snow is also wearing larger exhaust tips and the signature GT2 RS black hood. Expect the finished product to wear its own shoes and a more extreme aero kit as well. The question on everyone's minds will be whether it will, like the latest GT3 and GT3 RS, be offered only with a dual-clutch transmission, a conventional manual, or the buyer's choice of either. We'll find out sooner or later as the most extreme of Elfens is tipped to surface late next year. Related Video: