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Porsche again staring down another $1.8B in hedge fund lawsuits

The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued the car company in New York. Porsche had publicly stated it wasn't trying to buy VW, the hedge funds in question were shorting VW stock, and when Porsche's actual intentions were revealed, the stock shot up and the hedge funds took a beating.
The case was thrown out over the issue of jurisdiction, then appealed, only to see another suit filed on top of that. After that, most of the hedge funds withdrew their claims in New York and Porsche offered a 90-day window to refile in Germany where it is already fighting a number of other suits over the same issue. The hedge funds accepted the offer, refiling in Stuttgart for $1.8 billion in damages. According to Bloomberg, Porsche hasn't commented on the refiling, but as the same plaintiffs are involved, it's safe to assume that the carmaker still feels the case is "unsubstantiated and without merit." It has fared alright so far even in German courts, with two lesser cases against it thrown out last year.

Chris Harris condemns demonization of Porsche Carrera GT in wake of Walker death

When something bad happens, it's easy to resort to scapegoating. At least for some of us, that seems to be exactly what has happened following the tragic death of actor Paul Walker and racer Roger Rodas, who were killed on November 30 in a Porsche Carrera GT. Even though officials have not yet determined the cause of the crash, that isn't stopping many theories from being put for - theories that include blaming the Porsche supercar. Rather predictably, not only is the CGT's difficult nature getting examined, but indeed, the nature of all high-performance cars is being put under the public's microscope, with some wondering what the need for all the power is.
A Google search of "Porsche Carrera GT" will find no shortage of articles about the razor-sharp handling and outright speed of the CGT. Pistonheads' Chris Harris has a different, insightful take on both the Carrera GT and the nature of all fast cars. He reflects on the matter, ironically, en route to drive the successor to the car that killed Walker and Rodas, the 900-horsepower 918 Spyder hybrid supercar.
We think it's well worth a read, as it makes a number of good points about modern high-performance automobiles and the way they're used. Click over and take a look.

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.