1997 Porsche 911 993 Carrera Cabriolet Convertible on 2040-cars

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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 Cayman GT4 speeds back into view

We're all familiar with the succession of numbers that follow the letters GT on a hard-core Porsche 911: the GT1 that was Stuttgart's Le Mans contender in the late 90s, the GT2 that packs turbochargers but without the Turbo's all-wheel drive and excess weight, and the naturally aspirated GT3 that's the enthusiast's choice. But a GT4? That's something new, and exactly what Porsche has in store.
Spied testing in Germany once again is the upcoming GT4 version of the Porsche Cayman, set to supersede the existing GTS and take the place of the previous Cayman R at the top of Porsche's junior sports car range. This latest batch of spy shots doesn't show us much more than the last crop, but gives us a much clearer view at what promises to be the most hardcore Cayman to date.
As you can see, the Cayman GT4 packs a much more aggressive aero kit and rolling stock than any version we've seen to date. It's got a lip spoiler, big air dam and GT3-style vent in front of the hood, deep air scoops along the flanks, a set of spindly alloys packing oversized brakes, a diffuser with twin central exhaust tips around back and a rear wing that's likely to be replaced with a sleeker unit before the GT4 reaches production.

Porsche 911 Cabriolet refresh may hide new engine

If we learned nothing else from our recent frolic through Porsche's secret museum, it's that the automaker goes to incredible lengths to disguise future products during initial testing. Just as a number of cars in that Stuttgart bunker hid the true identity of developmental mules (like the Audi-V8-powered 911), such could very well be the case with these spy shots showing what, on the surface, appears to be simply a facelifted 991 911 Cabriolet.
Similar to what we saw last month on a 911 coupe, this Cabriolet has obvious styling modifications made to the front and rear fascias suggesting that the 911's still-fresh appearance is already set to get a few tweaks. The big news here is at the rear of the car. The additional vents on the lower edge of the fascia and the mocked-up vent above the engine leads our spy photographer to believe that a new engine could be tucked under the body work - likely a smaller-displacement, turbocharged flat-six focusing more on improving fuel efficiency and reducing exhaust emissions rather than performance.
We last heard rumblings of such a detuned 911 back in August, but could this be our first look at said new model? Have a look for yourself, and let us know what you think - either about this mule specifically or the idea of a "green" 911, in Comments below.