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'We're not a hedge fund': Porsche plans to curtail speculators and flippers

A sizable number of speculators view cars as an investment. Rare or unusual models are quickly snapped up and either parked for years or flipped for a profit. Cars from automakers like Porsche and Ferrari are more prone than others, and at least some people behind these models are getting a bit tired of it. While it's difficult to police what goes on after you sell a car, Porsche has some plans that might curtail the problem before it starts. Andreas Preuninger, the head of GT road-car development and the man behind the new 911 GT3, spoke to Car and Driver at a recent event. "I personally like to see my cars being used," he said. "That's what we build them for. They are just too good to be left to stand and collect dust." One recent example of this rampant speculation is the 911 R. While the special manual-only model sold for $185,950 when new, used versions were selling for nearly $1.3 million just months after it went on sale. While the car is a masterpiece and an instant classic, a good number will be parked and simply used as art and not the rolling testaments to the man/machine interface they were intended to be. The concern over valuations has become so fierce that some owners are upset that Porsche is offering the new 911 GT3 with a manual transmission, fearing that it may hurt the value of the 911 R. "When I said we're not a hedge fund, I'm talking to those people who are yelling at us for offering the manual transmission similar to the R," Preuninger said. "But if there are people wanting to buy cars like that, then as a company we should try to fulfill that, to meet that demand." It seems Porsche is keeping a close eye on who is flipping cars. Since there is often far more demand than supply with certain models, the German automaker has a name for every car before it's built. Buyers with bad reputations might not even make the wait list. Related Video:

Celebrate the summer solstice by building the Pontiac Solstice shooting brake GM never did

Happy summer solstice, everyone! To celebrate, we have a particularly unusual eBay find connected to the Pontiac Solstice sports car. A seller has leftover inventory of fiberglass hardtops designed to turn the Pontiac Solstice roadster into a shooting brake. The seller says they came from a since-closed Indiana company, and they're clearly inspired by another aftermarket part and even a GM concept that never saw the light of day. We'll start from the beginning: the stillborn Chevy Nomad concept. It was a concept that came out about the same time as the original Solstice concept, and it was clearly based on the same platform, featuring a small two-door body and a long nose. It also had unashamedly retro Nomad wagon design cues and cues from the original Corvette. The car never saw production, but clearly people were interested in having a wagon-like sports car. That brings us to the next bit of history with an aftermarket hardtop developed by German company EDAG. We saw a prototype in person, and the overall shape seemed to fit the car — and the wraparound window design certainly seemed Nomadic. Besides the unique look, the hardtop and its functional hatch made the Solstice roadster's miniscule cargo space far more usable. It doesn't appear many of the tops were sold, though. These tops on eBay look very similar to the EDAG tops, though it's not clear if they're a direct replica or something similar. Being that the parts are leftover inventory, the seller notes that some of the tops may be missing pieces for installation, so only those who are handy with bodywork and fasteners, or who are able to lean on someone who is, need apply. Even with some extra work, if you really want a Solstice shooting brake, this is likely easier and cheaper than commissioning a shop to custom-build a roof for your. If you're interested, check out the link. They're $499.99 apiece, and the seller will also provide a set of seals and gaskets for the top for an extra $125.

German prosecutors have recorded calls between VW bigwigs talking dieselgate

It's barely possible to believe how poorly Volkswagen continues to handle dieselgate. Depending on which day you catch the news, the German carmaker embodies the corporate venality of "Michael Clayton," the comic blundering of the Coen Brothers' "Burn After Reading," and the every-man-for-himself vengeance of "Reservoir Dogs." Today is Tarantino day, with news that German prosecutors have recordings of phone calls between former Audi and Porsche development boss Wolfgang Hatz, ex-Volkswagen Group executive Matthias Muller, and current Porsche executives Oliver Blume and Michael Steiner. Hatz made the calls to the trio in November 2015, two months after Volkswagen admitted its diesel-particulate sins to the U.S. Environmental Protection Agency. Hatz was still employed at the time, and in his company car. Who recorded the calls? His wife. Hatz and his missus apparently saw the storm coming and started stacking defenses early. Hatz's wife, who can be heard encouraging Hatz during at least one call, sent the recordings to Hatz's attorney from her mobile phone. According to a Google translation of the German newspaper Handelsblatt's report, she included the note, "Here is a very long, but quite informative conversation on the current situation with useful formulations." The report in Handelsblatt said that in Germany it is generally "not allowed" to record a conversation and pass it on to a third party. We don't know how the authorities will handle this matter, since prosecutors found the recordings in e-mail attachments on Mrs. Hatz's mobile phone. Remember, when the diesel scandal broke, VW spent months saying that only a small number of low-level personnel were behind it, and all of the higher-ups had been blindsided. Ex-CEO Martin Winterkorn claimed to be "stunned that misconduct on such a scale was possible in the Volkswagen Group." Winterkorn successor Matthias Muller said, "according to current information, a few developers interfered in the engine management." Former VW USA honcho Michael Horn told a congressional committee that "a couple of software engineers" programmed the software for reasons no one could understand. In the recorded conversations, Hatz apparently called Muller to find out how VW planned to treat him.