2012 Porsche Cayenne S on 2040-cars

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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

Hamann Porsche Macan S Diesel promises more performance, questionable looks

Ignore the Gulf Oil livery for a minute (we know, it's hard). What we have under the blue-and-orange paint scheme is a diesel-powered Porsche Macan S, which is fascinating enough in and of itself. But this particular example has been upgraded by the folks at Hamann, for that added bit of oomph. Power output from the 3.0-liter V6 diesel is up from 258 horsepower to 300 hp. We buy diesels for torque, though, so it's the 494 pound-feet, up from 427 lb-ft, that really gets us excited about this modded Porsche. Taken together, the Hamann Macan S Diesel can hit 60 miles per hour in a decidedly un-diesel-like 5.7 seconds, down from 6.1 seconds. German tuners like Hamann are not known for their subtlety, of course, so beyond the power ugprades, the company has made its own aesthetic tweaks. The new body kit is, um, aggressive? Okay, it's really not very nice to look at. The Macan is a handsome vehicle on its own, but Hamann's efforts haven't done it any favors. It's extremely busy, particularly around the front and rear ends, where the tuning company's efforts seem focused. We're guessing some attention has been paid to the cabin, although it's impossible to tell on the Geneva show car, which has had all of its windows heavily tinted. Here's hoping any changes to Macan's cleanly styled cabin are kept to a minimum. Take a look at our full crop of live photos of the modded Macan, direct from the floors of the Geneva Motor Show. High-performance power, long-distance comfort, extravagance: the benchmark figures of the formidable Porsche Macan S Diesel are impressive. For all fans of the dynamic vehicle Hamann's tuning experts now sets the bar even higher. As is generally known, the model's name "Macan" was derived from the Indonesian word for tiger – and exactly this tiger Hamann frees from the ties of a series actor. The face of the Macan, which Hamann presents in the S Diesel version in Geneva, has self-confident traits. The tiger seems ready to jump – an effect achieved by the low line of the front apron and the lowering of the car. Hamann's aerodynamics attachment emphasises the sharp "teeth" of the Macan Turbo's standard front and sets distinctive accents. The car refiner's interpretation of the Macan S Diesel appears well-toned and is coherently continued in powerfully shaped wing extensions making the predator's body grow by twelve centimetres in width.

These are the cars with the best and worst depreciation after 5 years

The average new vehicle sold in America loses nearly half of its initial value after five years of ownership. No surprise there; we all expect that shiny new car to start depreciating as soon as we drive it off the lot. But some vehicles lose value a lot faster than others. According to data provided by iSeeCars.com, trucks and truck-based sport utility vehicles generally hold their value better than other vehicle types, with the Jeep Wrangler — in both four-door Unlimited and standard two-door styles — and Toyota Tacoma sitting at the head of the pack. The Jeep Wrangler Unlimited's average five-year depreciation of 30.9% equals a loss in value of $12,168. That makes Jeep's four-door off-roader the best overall pick for buyers looking to minimize depreciation. The Toyota Tacoma's 32.4% loss in initial value means it loses just $10,496. The smaller dollar amount — the least amount of money lost after five years — indicates that Tacoma buyers pay less than Wrangler Unlimited buyers, on average, when they initially buy the vehicle. The standard two-door Jeep Wrangler is third on the list, depreciating 32.8% after five years and losing $10,824. Click here for a full list of the top 10 vehicles with the least depreciation over five years. On the other side of the depreciation coin, luxury sedans tend to plummet in value at a much faster rate than other vehicle types. The BMW 7 Series leads the losers with a 72.6% drop in value after five years, which equals an alarming $73,686. BMW's slightly smaller 5 Series is next, depreciating 70.1%, or $47,038, over the same period. Number three on the biggest losers list is the Nissan Leaf, the only electric vehicle to appear in the bottom 10. The electric hatchback matches the 5 Series with a 70.1% drop in value, but since it's a much cheaper vehicle, that percentage equals a much smaller $23,470 loss. Click here for a full list of the top 10 vehicles with the most depreciation over five years.