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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.

Audi welcomes Porsche back to Le Mans like any sibling would

Ah, sibling rivalry. It really is a beautiful thing. It's even more beautiful when said siblings are automakers with very, very well-known racing histories. That's how you get videos like this, which is Audi's way of welcoming Porsche back to the top flight of Le Mans racing.
Yes, Audi has taken its R18 E-Tron Quattro back onto public roads, wowing schoolboys and scaring farmers (who appear to be riding classic Porsche tractors), as it travels from Ingolstadt to Zuffenhausen, just to taunt its corporate frenemy.
Take a look below for a video to see just what that teasing looks like.

Porsche planning back-to-basics 911 GT

With the latest 911 GT3 and GT3 RS track toys, Porsche clearly put the emphasis on outright performance. After all, if they were all about a puristic driving experience, they'd probably have manual transmissions instead of DCTs, right? Well that's just one point where the Porsche GT division's next project is tipped to depart. According to Autocar, Zuffenhausen's skunkworks are preparing a new addition to the 911 range that will put all the emphasis on the raw driving experience, even at the expense of lap times. The yet-to-be-named model is expected to do away with the second clutch in favor of one you can operate yourself, but that's not all. We're told to expect skinnier tires to make it easier to hold at the limits of adhesion, the narrowed track from the base Carrera, and the absence of large wings and other aerodynamic features. The inspiration apparently comes less from the GT3 than from the new Cayman GT4. Look for the new back-to-basics Elfen to arrive sometime next year, after the rest of the 911 range gets updated with turbo engines. Chances look good, though, that this particular model will stick with the atmospheric boxer six. Related Video: