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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.

Porsche 911 GT3 dukes it out with MP4-12C on track and GT-R on spectacular roads

The Porsche 911 GT3 has always been a favorite among auto journalists and car enthusiasts alike, but with the introduction of the new 991-generation GT3, which is the first GT3 with electric power steering and no manual gearbox option, how does it stack up to the competition from McLaren and Nissan?
Evo's Jethro Bovingdon attempts to answer that question by pitting the rear-engine Porsche against the mid-engine McLaren MP4-12C on a racetrack and the front-engine, all-wheel-drive Nissan GT-R on some amazing, twisty European back roads. We won't give away the victor of either comparison, but we will say that, in Evo's test, the McLaren's 141-horsepower advantage doesn't give it as much of an edge over the Porsche on a racetrack as one might think, and the lack of a manual gearbox and the inclusion of electric power steering on the GT3 isn't detrimental to enjoying the car on a back road.
Watch the video below to find out which car Bovingdon prefers on road and track - we think you'll be happy to see him drift around turns every chance he gets.

Porsche 911 and Citro"en DS lovechild would look like this

The early Porsche 911 and the Citroën DS were two cars produced in the same era (though the DS launched in 1955, nearly 10 years before the 911), but they were vastly different from each other. The 911 was a uniquely German, pure-bred sports car, while the French-built DS had four doors and focused more on ride quality than sporting intentions. That made it all the more surprising when we came across the 911DS, a creation that binds the rear half of the Citroën to the front of an early, longhood 911.
The folks at Brandpowder are behind the creation, which we surmise was an exercise in design rather than an actual, completed project (some of the images look Photoshopped), but it's compelling nonetheless, with a turbocharged flat-six providing 260 horsepower. We hope someone builds it - though we're sure if that happened the early 911 crowd would cry afoul at one of its increasingly rare and valuable Porsches being grafted onto an old French car.
But as Brandpowder points out lightheartedly, perhaps the creation could transcend popular car culture: "The 911DS represents the effort of two countries, a genuine attempt to join their energy and talent into one thing. We hope Germany and France will be inspired by Brandpowder's story, as a metaphor for a better and greater Europe."