2006 Pontiac Gto / Holden Monaro on 2040-cars

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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:

GM recalling 426,000 sedans over faulty transmission shift cable

General Motors is recalling some 426,240 sedans that may have a faulty transmission shift cable, according to a National Highway Traffic Safety Administration report this morning. The recall concerns a fault within four-speed automatic transmissions equipped on 2007-2010 Saturn Aura models, and 2008-2010 Chevrolet Malibu and Pontiac G6 models.
The report specifies that tabs on the transmission shift cable may fracture and separate. Such a fault could cause a discrepancy between the actual position of the transmission and the apparent position of the shift lever.
GM is currently working to notify owners of the vehicles in question, and dealers will check and replace shift cables free of charge. Scroll down to read the complete NHTSA report.

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.