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German judge 'inclined to dismiss' hedge fund lawsuit against Porsche

Last year, around two dozen investors, including hedge funds, leveled a 1.4 billion euro ($1.95 billion at the time) lawsuit against Porsche in connection with the automaker's attempted takeover of Volkswagen in 2008. The Stuttgart Regional Court dismissed the case. Around 19 of those plaintiffs are heading back to court to appeal the ruling and still hope to get 1.2 billion euros ($1.4 billion). However, according to one German judge, the chances for success aren't any better this time around. "On balance it's our view that we consider the lawsuit, or the appeal, to be unpromising for several reasons," Gerhard Ruf, a judge in Stuttgart, said to Reuters. "We are inclined to dismiss the case." The court's ruling on the appeal will be announced on March 26. The investors' case hinges on Porsche's strategy surrounding the botched takeover. The sports car maker said that it wasn't trying to control VW, when in fact it was. These hedge funds had bet against Volkswagen stock, but the share price surged when Porsche's plan inevitably came to light. Investors have sued the sports car company multiple times since then in attempts to recoup billions of dollars. However, none of the lawsuits have been successful, whether attempted in the US or Germany. Former Porsche CEO Wendelin Wiedeking and and CFO Holger Haerter might still stand trial for the alleged stock manipulation, though. News Source: ReutersImage Credit: Matthias Rietschel / AP Photo Government/Legal Porsche Volkswagen lawsuit hedge funds porsche lawsuit

How Porsche got Patrick Dempsey into the driver's seat for Le Mans

How do you get to Carnegie Hall? Practice, practice, practice. Ask Patrick Dempsey and he'll likely tell you the same secret for landing a role on a hit TV show or, for that matter, driving a Porsche in the 24 Hours of Le Mans.
That's because, like McQueen and Newman, Dempsey has earned his place in that rarified field of actors who also race. He's competed in Baja and Grand-Am, co-owns an IndyCar team, and this year returned to Le Mans where he and his teammates Joe Foster and Patrick Long finished fourth in the GTE-Am class behind the wheel of their Porsche 911 RSR.
It's a grueling race, and the fluid transition between drivers behind the wheel is a key element to success. Check out the satirical video below to see how Dempsey and company got ready.

Porsche 911 to drop naturally aspirated six-cylinder engine

Rumors that the next-generation Porsche 911 will be completely divorced from naturally aspirated engines are picking up steam. Now, Road & Track is reporting that not only will the next 911, code-named 992, have a turbo-only engine lineup, but that the base Carrera and Carrera S will add the force-induced flat sixes as part of a facelift later this year. R&T only cites "sources familiar with the project," which claim that turbocharged flat-sixes will be at the core of the 992's engine range, alongside a plug-in-hybrid model. A four-cylinder 911 remains unlikely. What's most surprising, though, is how soon Porsche will introduce a turbocharged base-car lineup. Road & Track claims the blown flat-sixes will be added as part of a facelift coming before year's end. Perhaps unwilling to risk the further ire of purists, the current car's seven-speed manual transmission will continue to be sold, alongside the company's excellent PDK automatic transmission. As for when this facelift will happen, the 2015 Frankfurt Motor Show in September seems like the most obvious date. Related Video: Featured Gallery Porsche 911 Turbo: Spy Shots View 9 Photos News Source: Road and TrackImage Credit: CarPix Rumormill Porsche