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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.

Porsche LMP1 to use 4-cyl hybrid powertrain [w/poll]

With the Formula One season - and indeed his entire F1 career - now behind him, Mark Webber took advantage of his early release from Red Bull Racing to try out the new LMP1 which Porsche is developing, undertaking the final test session of 2013 before Porsche throws it head first into the FIA World Endurance Championship next April. The session - which followed previous tests at Magny-Cours, Monza, Paul Ricard and the Eurospeedway at Lausitz - was held at the Algarve circuit in Portimão, Portgual, in collaboration with Michelin, which is developing the tires for the car. But that's hardly the news here.
No, the news is the first confirmation we've seen on the type of powertrain Porsche has developed for its new Le Mans prototype: a gasoline-burning four-cylinder engine with direct injection and two energy recovery systems. This contrasts sharply with the V6 turbodiesel and single electric motor used by Audi in the R18 e-tron Quattro (or at least the outgoing version) or the naturally-aspirated V8 and single electric motor found in the Toyota TS030. Flexibility in the rules set down by the FIA and ACO give the manufacturers that kind of latitude, prompting F1 teams like Ferrari and Renault to consider developing their new engines for Le Mans prototypes as well.
At this point Porsche isn't saying how large its four-cylinder engine is or how much power it will produce. But it'll be interesting, to say the least, to see how it fares against the Audi and Toyota in next year's championship and at Le Mans when it'll be piloted by Webber, former Lola LMP1 driver Neel Jani and Audi's own 2011 Le Mans-winning pair of Romain Dumas and Timo Bernhard.

The 2014 Ruf RCT offers rear-drive action with 911 Turbo fun

Ruf has 37 years of experience of turning Porsches into even higher performance machines. For the 2014 Geneva Motor Show, it's unveiling the RCT, or Ruf Carrera Turbo, which offers power to split the difference between Porsche's 911 Turbo and Turbo S models.
The RCT starts with a unique body kit with a new front air dam and drastically changed rear deck that combines both a small spoiler and air intake. Power is provided by a twin-turbocharged, 3.8-liter flat-six with 525 horsepower and 502 pound-feet of torque paired to either a seven-speed manual or seven-speed dual clutch transmission. That gives the Ruf a 5-hp and 15-lb-ft advantage over Porsche's own Turbo but is still less powerful than the full Turbo S. The RCT sprints to 62 miles per hour in 3.5 seconds and to a top speed of 196 mph.
However, the Ruf's big advantage is that it offers buyers the choice of either rear-wheel drive or all-wheel drive, while Stuttgart's turbo models are only available spinning all four wheels. The RCT can also offers upgrades like an integrated roll cage and custom suspension packages, should the buyer be so inclined to splash out on racing kit.