2009 Porsche 911 Carrera S Cabriolet on 2040-cars

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Porsche Panamera Turbo sets new Nurburgring record

The new Porsche Panamera appears to be the complete package. The new four-door sedan is finally good looking, has copious amounts of power, and has even become the fastest sedan around the Nurburgring. Porsche set a time of 7 minutes, 38 seconds in a Panamera Turbo, which just barely bests the Alfa Romeo Giulia Quadrifoglio by a second. The new Panamera Turbo features a 4.0-liter, twin-turbo V8 that puts out 550 hp and 567 pound-feet of torque. That's enough to get the sedan from zero to 60 mph in just 3.4 seconds (with the optional Sport Chrono package) on the way a top speed of 180 mph. The new record proves that the Panamera Turbo is quick around a grueling race track, as well. The Panamera Turbo's time around the Nurburgring puts it in the same breath as the Ferrari 458 Italia and Lexus LFA, while being an impressive 14 seconds faster than the previous Panamera. Related video: News Source: YouTube Porsche Performance Videos Sedan nurburgring lap record

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.

Driving the C8 Corvette, and previewing GM's electric future | Autoblog Podcast #617

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by West Coast Editor James Riswick and Road Test Editor Zac Palmer. First they dive right in to the experience of driving the 2020 Chevrolet Corvette, followed by their review of the Mercedes-Benz GLE 350. Then they talk about the week's news, beginning with the whole slew of electric vehicles General Motors surprised us with at its EV Day. Next, they discuss the possibility of Porsche building a hybrid 911, as well as news about Ford's electric Transit van making its way to the U.S.. Last, but not least, they take to the mailbag to help a listener pick his next car in the "Spend My Money" segment. Autoblog Podcast #617 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Driving the 2020 Chevrolet Corvette Stingray Driving the 2020 Mercedes-Benz GLE 350 GM EV Day: Cadillac Celestiq and Lyriq, GMC Hummers and more A hybrid Porsche 911? Ford Transit electric commercial vans coming to U.S. Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: