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THIS IS AN AWESOME LOOKING AND DRIVING 1987 PORSCHE 911 THAT CAME FROM THE FACTORY AS TURBO LOOK CAR (I HAVE PORSCHE "CERTIFICATE OF AUTHENTICITY") THESE "TURBO LOOK" CARS OF THIS PERIOD CAME FROM THE FACTORY AS TURBO BODIED CARS WITH A FULL TURBO LOOK, TURBO SUSPENSION, TURBO SPOILERS, SPORT SEATS, WIDER PORSCHE POLISHED FUCH ALLOY TURBO WHEELS, SUPERIOR BRAKING SYSTEM, WIDE WHEEL ARCHES, AND "TEA-TRAY" SPOILER PLUS FRONT SPOILER. THE CAR WAS CONVERTED TO A FULL BLOWN TURBO SPEC CAR WITH THE ADDITION OF A VERY AGGRESSIVE PORSCHE TURBO ENGINE INCLUDING A LARGE GARRET TURBO, LARGE OIL INTERCOOLER, FORMULA I EXHAUST SYSTEM, DISTRIBUTOR-LESS IGNITION, RACE HEADERS, AND ADJUSTABLE BOOST. IT IS A ROCKET AND MORE THAN A BLAST TO DRIVE BEING VERY VERY FAST, AGILE, AND SUPERB SUSPENSION. I HAVE NOT RACED THE CAR BUT HAVE DRIVEN IT IN PORSCHE CLUB PARKING LOT RALLIES. WHAT FUN. THE PAINT IS EXCELLENT EXCEPT THE RIGHT REAR WHEEL WELL ARCH HAS A VERY SMALL PAINT CHIP WHERE A WHEEL WAS REMOVED AND PULLED. THE INTERIOR IS GOOD WITH NO RIPS OR TEARS THE DRIVERS SEAT HAS A SLIGHT RUB WHERE ENTERING AND EXITING WORE DYE ABOUT 3/4" X 1 1/2" THAT ALL IT NEEDS IS A DYE TOUCH UP. THE "STORY" WITH THIS CAR IS THAT IT ACCORDING TO AUTOCHECK AND CARFAX WAS STOLEN AND FOUND IN AN ABANDONED WAREHOUSE SOME 15 YEARS LATER, THE RIGHT DOOR WING WINDOW HAD BEEN BROKEN OUT AND THE GAS SMELLED LIKE VARNISH, THE COMPLETE FUEL SYSTEM WAS SUBSEQUENTLY REBUILT INCLUDING THE FUEL PUMPS, INJECTORS, AND TURBO CHARGER. NEW TIRES WERE INSTALLED AND I HAVE RECENTLY REPLACED THE TOP AND REBUILT THE CONVERTIBLE TOP MOTORS. YOU HAVE TO WORK THE TOP A LITTLE WHEN CYCLING THE GUY THAT REPLACED THE TOP SAID PORSCHE NEEDED TO ALIGN THE TOP FOR EASE OF OPERATION. THE TONNEAU COVER IS LIKE NEW. ON THE TITLE WHEN IT WAS PURCHASED BY PORSCHE HOUSE IN OKLAHOMA AFTER BEING FOUND IT CAME FROM ARIZONA ON A SALVAGE TITLE AS REQUIRED BY ARIZONA LAW, BUT AFTER INSPECTION OKLAHOMA PLACED IT ON A STANDARD TITLE AS DID TEXAS WHEN I BOUGHT IT. THIS IS SUBSTANTIATED BY CARFAX AND AUTOCHECK AS THEY SHOW SALVAGE TITLE IN ARIZONA BUT THEY ALSO SHOW NO MAJOR REPAIRS AND THE MILEAGE DISCREPANCY WAS DUE TO A CLERK MISREADING THE ODOMETER. MY PORSCHE MECHANIC HAS CHECKED THE CAR AND YOU MAY ALSO HAVE IT CHECKED AND HE FEELS THAT THE MILEAGE IS CORRECT. MY MECHANIC ALSO FEELS THAT IT IS A VERY AGGRESSIVE TURBO ENGINE AND A "HELL OF A CAR". THE A/C WORKS AND MAY NEED A CAN OF FREON AND HAS BEEN CONVERTED TO NEW SPECS. IT DOES NOT LEAK OIL ALL OVER THE GARAGE FLOOR. IT HAS AN IN DASH BOOST GAGE. I WILL DO A TELEPHONE WALK AROUND WITH ANYONE THAT IS INTERESTED AND YOU MAY TAKE IT TO A MECHANIC IF YOU SO CHOOSE. THIS CAR LOOKS AND DRIVES GREAT, THE SOUND IS AWESOME, IT RUNS REALLY STRONG AND IS VERY VERY FAST. THIS CAR WOULD BE WORTH $46,000-$54,000 HAD IT NOT BEEN STOLEN AND TURBO ADD-ON BUT IT WAS DONE RIGHT AND IS ESSENTIALLY THAT CAR FOR A WHOLE LOT LESS.

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$1.4B hedge fund suit against Porsche dismissed

Wed, 19 Mar 2014

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.

Audi CEO says brand's EVs are almost as profitable as its other cars

Mon, Oct 4 2021

After, oh, a hundred years or so of building vehicles primarily powered by internal combustion engines, automakers around the world have been and still are pumping billions of dollars into the development of electric vehicle technology. Everything from platforms and batteries to motors and the software to control it all requires untold hours of development, and that takes time and money. Fortunately, it's not going to take long for that massive investment to start paying off, at least according to Audi CEO Markus Duesmann, who told Reuters in an interview that "The point where we earn as much money with electric cars as with combustion engine cars is now, or ... next year, 2023. They are very even now, the prices." As a brand, Audi contributed more than a quarter of overall profit for the massive Volkswagen Group, which has such powerhouse brands as Volkswagen and Porsche among others. Under the Audi umbrella are Lamborghini, Bentley and Ducati, and it seems those high-end branches aren't going anywhere, at least for now. "These brands ... are very valuable very profitable brands, where we can even expand the synergy level in the future," Duesmann said in the interview. "There are no plans whatsoever to get rid of them." Despite the overall profitability of the brand, the ongoing global chip crisis is causing headaches. "We had a very strong first half in 2021. We do expect a much weaker second half," said Duesmann, who added, "We really have trouble." In fact, so serious is the trouble that the brand is forced into "a day-to-day troubleshooting process" to limit the chip-shortage damage. The good news for the automaker is that Audi has been able to boost its profit margin from 8% prior to the pandemic in 2019 to 10.7% in the first half of 2021. The bad news is that various chip shortages aren't expected to get a whole lot better over the rest of the year. Related video:

Seinfeld takes Seth Meyers out in the perfect Porsche

Sat, 13 Jul 2013

The latest episode of Comedians In Cars Getting Coffee features Seth Meyers of Saturday Night Live fame riding shotgun in what is a very special Porsche from host Jerry Seinfeld's collection: a 1973 911 Carrera RS 2.7. Seinfeld chose the "no-nonsense" sports car because he thought it fit his guest's personality (Meyers thinks motorcycles "are like the cigarette of transportation"), but we enjoy the chance to see one of these rare, über-valuable Porsches being driven on city streets - and in the rain, no less! What we don't like seeing is the Carrera RS being parallel parked behind a pick-up truck, though, fortunately, it seems that Seinfeld was able to avoid any front-end damage to the comparatively fragile Porsche.
Once at the coffee shop, the two comedians have a candid conversation about Meyers' time with SNL, from his early days on the show when he didn't think he was good enough to be a cast member to some of the high points in his career, such as SNL's "Really!?" segment that he performed in and how he became a writer for the show.
After coffee, when they're back in the car and Seinfeld opens up the throttle of the lightweight RS 2.7, he manages to eke out a big grin from Meyers - or maybe it was a grimace at the thought of driving in the rain on old tires. Whatever the case, be sure to watch the video below (and stay tuned until the end for a surprise).

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Porsche 911 for Sale