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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.

Watch 1,208 Porsche 911s collect at Silverstone for world record

Porsche has been spending the majority of 2013 celebrating the 50th birthday of the 911, with its latest stunt taking the German brand to the home of British motorsports, Silverstone. To celebrate, Porsche invited enthusiasts to take their personal 911s on a lap of the former airfield, and boy, did the Porschephiles show up. 1,208 911s took part in the lap around the Grand Prix circuit, making it the largest-ever gathering of the iconic, rear-engined cars.
This wasn't just a celebration of 50 years for the 911, though. Funds raised were channeled towards Hope For Tomorrow, a cancer charity that works with the United Kingdom's National Health Service in operating mobile chemothereapy units that make life just a little bit easier on cancer patients.
Take a look at the long video below, and enjoy the passing of what are likely examples of every 911 model ever built.

Remembering Porsche's illustrious Le Mans history

Not only does this weekend mark the running of the 82nd 24 Hours of Le Mans, it will also see the return of one of the race's most venerable brands to the top tiers of endurance racing. Porsche will campaign its first top-flight car since the 1998 911 GT1-98, the 919 Hybrid, at this weekend's race, in the hopes of knocking off its corporate rival, the dominant Audi team.
To understand just what a win for the 919 would mean, though, you need to look back on the intrinsic connection between the Circuit de la Sarthe and Porsche. It's a history that spans decades, dating back to the team's first win in 1970.
XCar has a great video on that history. At 25 minutes, it's a bit on the long side. Then again it is the Friday before Le Mans. Take a look below for the video.