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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.

2017 Porsche Panamera caught testing without camo

One of these days, Porsche is going to introduce the 2017 Panamera. That day is not today, though, so we've got yet another round of spy photos showing the new sedan undergoing winter testing. This is easily the closest we've seen to a production body on the new Panamera – it's completely free of camouflage aside from the unconvincing stickers over the headlights and taillights. They're not very good, though. We can see the taillights will adopt a similar look to the new 911 – they'll be slim LEDs that occupy a lot less space than on the current car. The headlights are slimmer too, but there's no light being shown through the stickers, so we can't discuss actual changes as easily as we can on the tail. As we've said before, the Sport Turismo Concept styling has been plainly converted to create an evolved version of the Panamera's existing design language. According to our spies, the next Panamera will ride on a new MSB platform that aims to slash 200 pounds of fat from the next-gen model. Aluminum and high-strength steel play a big roll in that weight loss. Underhood, there should be the usual range of six- and eight-cylinder engines with a plug-in-hybrid option. As we reported previously, expect the Panamera to show up at a European show, likely Paris or possibly Geneva in 2017. Related Video:

2014 Porsche 911 Targa takes its crop-top off in Motor City

Back in 1965, Porsche invented the 911 Targa as a matter necessity. Believing that a finicky National Highway Traffic Safety Administration was prepared to outlaw convertibles, the innovative automaker created the half-open car as a way to keep wind rushing through owners' hair. Though far removed from those formative days, it seems as though the 2015 Porsche 911 Targa has come to the Detroit Auto Show with a new-school version of some old-school tech.
While the last Targa featured a trick sliding glass roof at the touch of the button, the new car dramatically swallows a traditional-looking panel via an exceptionally complex-looking mechanical operation. The net result is "the same fun factor and freedom" that can be had with a complete convertible, though with slightly more open-driving protection while underway.
And, as is the case with all of the current 911 range, getting underway can be done with reasonable rapidity. The entry-level Targa 4 rocks a 350-horsepower, 3.4-liter flat-six engine just behind the rear axle, making that car good for 175 miles per hour at the top end (with the seven-speed manual, 174 mph with PDK) and a 0-to-60 sprint of 4.6 seconds. The Targa 4S, meanwhile, offers 400 horsepower from 3.8-liters of boxer six, runs to 60 in 4.2 seconds and hits a top "track speed" of 183 mph.