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Robb Report chooses Porsche 911 as its Car of the Year

Robb Report has picked the seventh-generation Porsche 911 Carrera S as its 2013 Car of the Year, saying the two-door captivated its judges with "agility, driving dynamics and balance." The German coupe bested 12 others who were also in the running - the impressive list of nominees included the BMW M5, Audi S8, Ferrari FF, Mercedes-Benz SL63 AMG and the Bugatti Veyron 16.4 Grand Sport Vitesse.
Judging involved more than just throwing darts at pictures on the wall, as the publication enlisted a panel of automotive experts to test drive each vehicle for close evaluation. The panelists included 100 members of the Robb Report Club (comprised of top corporate executives and influential readers), Editor-in-Chief Brett Anderson and automotive consultant Robert Ross. Full results of the competition will be revealed in the luxury magazine's March issue, hitting newsstands in about a week. For more information, visit Robb Report online or check out the full press release from Porsche below.

Porsche board members facing another ˆ1.8B lawsuit over VW takeover bid

Back in 2008, Porsche got the bright idea that it could take over Volkswagen in the midst of the worst economic slump since the Great Depression. Ignoring that this was a catastrophic move for the Stuttgart sports car manufacturer that that eventually resulted in it nearly going bankrupt and eventually being taken over by the same company it sought to control, the aftermath has left Porsche Chairman Wolfgang Porsche and board member Ferdinand Piëch in the crosshairs of seven hedge funds that lost out during the takeover and are now seeking €1.8 billion - $2.43 billion US - in damages from the two execs, according to the BBC.
See, investors bet on Volkswagen's share price going down, partially because Porsche said it wasn't going to attempt a takeover. But Porsche was attempting to take over VW, having bought up nearly 75-percent of VW's publicly traded shares. When word broke that Porsche owned nearly three-quarters of VW (which indicated an imminent takeover attempt), rather than go down like the hedge funds bet it would, VW's share price skyrocketed to over 1,000 euros per share, according to Reuters.
Naturally, when you bet that a company's share price is going to drop and it in turn (temporarily) becomes the world's most valuable company, you lose a lot of money, unless you're able to buy up shares before prices jump too much. This led to a squeeze on the stock, which the hedge funds accuse Porsche and Piëch (who are both members of the Porsche family and supervisory board) of organizing.

Porsche Panamera's alluring hind quarters teased

It looks like we'll be seeing the new Porsche Panamera sooner rather than later, after the German company released its first teaser video for its redesigned sedan. Sadly, that image you see above is the only clear view of the new car being offered – the video doesn't offer much. In short, the clip below is all about how Porsche has successfully done its own thing over the years. You know, building cars with the engine in the wrong end and such. It's a nice little recap of Porsche history, showing Porsche's first offerings through to the 918 Spyder. But let's talk about that teaser image. We get a good look at the taillights, the traditional Porsche lettering, and the rear window. Based on these few details, it looks like the new Panamera's tail will borrow some inspiration from the updated 911. The lights are a similar shape, and while the sedan will tie the two units together with a lighting element – kind of like a 911 Targa – it looks like there's a similar character line just above the Porsche lettering. But the really weird detail here is the vertical cutline at the Panamera's center, right above the letter "S" in "Porsche." There's absolutely no reason for it to be there, unless Porsche is going to offer something really weird like a split tailgate, which we doubt. We can't see anything like it in our spy photos, but it'd be a relatively easy thing to hide with camo. But why is it there? We can't wait to find out. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.