1979 White Vw Beetle Karmann Convertible 4 Cylinder 1.6 Liter 2 Door Restoration on 2040-cars

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$1.4B hedge fund suit against Porsche dismissed

Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the Stuttgart Regional Court has dismissed a 1.4-billion euro ($1.95B US) lawsuit, the decision explained by the court's assertion that the investors would have lost on their short bets even if Porsche hadn't misled them.
Examining the hedge funds' motives for stock purchases and the bets that VW share prices would fall, judge Carola Wittig said that the funds didn't base their decisions on the key bits of "misinformation," and instead were participating simply in "highly speculative and naked short selling," only to get caught out.
With other cases still pending, the continued streak of victories bodes well for Porsche's courtroom fortunes, since judges will expect new information to consider overturning precedent. If there is any new info, it could come from the potential criminal cases still outstanding against former CEO Wendelin Wiedeking and CFO Holger Härter, who were both indicted on charges of market manipulation.

2014 Volkswagen Beetle GSR is black and yellow, black and yellow

Way back in 1973, Volkswagen decided it was high time to take the loveable air-cooled Bug racing. No, it wasn't painted in Herbie colors - Volkswagen called its sport-tuned machine the Beetle GSR, "Gelb Schwarzer Renner" or "Yellow Black Racer." Hence, the somewhat shocking paint scheme.
VW is bringing its sporty black and yellow Beetle back for 2014, and you can see live photos of it above. It's got a 210-horsepower turbocharged 2.0-liter four-cylinder engine under the hood (that'd be the hood up front, unlike the car's forebear), and a six-speed manual or DSG automatic transmission sends those ponies to the front wheels. Note that this car's output is up 10 horses on other turbo VWs, and the Jetta GLI and Beetle Turbo for 2013. The 0-60 run takes 6.6 seconds, and top speed is limited to 130 miles per hour.
Besides the in-your-face black and yellow paint, the GSR is outfitted with a large rear spoiler and 19-inch wheels shod with 235/40 tires. The bee-like hue carries over inside, with yellow stitching on black leather. Only 3,500 will be produced, each with its own unique plaque. Pricing has not yet been announced, but you're free to read through the press release below all the same.

Volkswagen CrossBlue Coupe is a green fun-machine we want to drive

Think back to January's Detroit Auto Show. Those of you that are fans of the Volkswagen brand, impressed with green technology or simply fall into the "diesel geek" category, will almost certainly remember VW's CrossBlue concept with its diesel/electric hybrid powertrain, seating for seven, and somewhat awkward crossover styling. It was an impressive piece of future tech, to be sure, though it left something to be desired in the, well, desirability department.
Here in Shanghai, VW has brought along a CrossBlue Coupe concept that would seem to include most of the goodness of the original, but flavored with more sport and style this time around.
The CrossBlue Coupe makes use of the same electric drive components as the larger three-row concept: two electric motors (front and rear) powered by a 9.8-kWh lithium-ion battery. However, where the original concept made use of a TDI four-cylinder, the Coupe substitutes a 295-horsepower, direct-injection, gasoline-burning V6.