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Auto blog
Man arrested for stealing part of Paul Walker Porsche wreck
Fri, 06 Dec 2013Humans are odd creatures. Some of us collect things associated with bad events, particularly when it comes to cars. Your author, for example, has the grille of his wrecked 2004 Mini Cooper S hanging on the wall. As a more extreme example, an 18-year-old Californian is in trouble with the LA police, but not for taking an item from his own car accident. Instead, he has been arrested for stealing from the wreck of the Porsche Carrera GT that killed actor Paul Walker and racer Roger Rodas.
And it wasn't a small piece, either. It was the Carrera GT's carbon-fiber roof panel. Making matters worse is word that the theft happened while the tow truck that was hauling the wrecked Porsche was sitting in traffic. According to the LA Sheriff's Department report, "A witness saw a male exit a vehicle that was following the tow truck. The male grabbed a piece of the wrecked Porsche off the tow truck bed." Besides the eyewitnesses, it didn't help that images of the roof panel were later posted on Instagram.
The man, Jameson Witty, was later arrested at his home, where police also found the roof panel. The driver of the car Witty was in when he took the roof panel, meanwhile, is planning on surrendering to the police, according to CNN. It remains unclear if the district attorney's office will charge the two, although if it does, they'll be facing felony grand theft and tampering with evidence.
Porsche again staring down another $1.8B in hedge fund lawsuits
Wed, 15 May 2013The 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.
Porsche to replace chassis components in 918 Spyders
Tue, Dec 23 2014The entire production run of the Porsche 918 Spyder is completely sold out, but 205 of them need to make a trip to the dealer for a repair estimated to take about two days. According to Porsche, it found quality problems with unspecified "chassis components" on the hybrid supercar and has instituted a plan to fix them as a precautionary measure. There were no reported breakages of these parts or complaints from customers. The German automaker already contacted all of the affected owners directly to have the 918s repaired in 2015. When reached for comment, Porsche Director of Corporate Communications Achim Schneider told Autoblog via email that "due to the supplier relationship we did not announce further details regarding the components so far." He also said that 43 vehicles are affected in North America, which includes the US and Canada. The 918 Spyder was affected by a small recall in the US earlier this year when Porsche found that the rear-axle control arms could potentially break. The campaign covered only five cars, though. Porsche replaces chassis components in 205 vehicles worldwide Atlanta. As a precautionary measure, Porsche will replace chassis components in 205 vehicles of the 918 Spyder model worldwide. The reason for this is that for vehicles that were manufactured in a certain time period defective parts were used from a delivery batch, whose functionality cannot be permanently guaranteed. No complaints have been made known (such as a break of a component) from customers up till now. The problem was identified during in-house quality inspections and remedied immediately. The owners of the vehicles, which could be exactly traced, were contacted directly by their competent Porsche representatives. The workshop visit, which will take place by appointment at the onset of 2015, takes about two days to complete at no charge. Featured Gallery 2015 Porsche 918 Spyder: First Drive View 51 Photos News Source: PorscheImage Credit: Copyright 2014 Michael Harley / AOL, Porsche Green Recalls Porsche Hybrid Supercars porsche 918 spyder porsche 918