1981 Porsche 928s on 2040-cars

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The art of being teammates

Returning home from a successful event for our CJ Wilson Racing team I couldn't help to think about just how many people are involved to support the drivers that stand on the podium. Friends of 15 to 20 years are actively involved in my life in motorsports and it amazes me daily. I'd like to think that I possess the right blend of passion and humility to make racing for a living a successful career, and each year the ups and downs of motorsports takes a toll on even the savviest racer. Having been a race driver for the past several years, I had long ago stopped taking for granted just how important friendships & relationships are in life. In motorsports we have a large array of relationships we build, from the perspectives of business, crew, competitors, spectators and of course, teammates. For any young racer or driver that is struggling to stay an integral part of the racing community, I can't stress enough just how important relationship building is and in our world of multi-class & multi-driver line-ups, the "teammate" is a big one. Now in my fifth year with CJ Wilson Racing, I started the season with my 10th different teammate, most of which, came in the first season as we were developing into a program that could operate a two-car effort. These are people that I have coached, improved with and become, in a way, brothers. Most I consider friends, people I actively stay in touch with – not out of obligation, but because they are like family to me. They have been a teammate – and in this industry and our series in particular – there has to be something more cohesive than just sharing a car. Standing on the podium with all of your teammates like we did in this year in Monterey (our #33 ONE Capital / MotorOilMatters and #35 Safecraft Safety Equipment Porsche Caymans finished 2nd and 3rd) is one of those moments that you don't forget, in part, because you get to share it with ones you typically spend the most time. I watched both Danny Burkett and Till Bechtolsheimer go to the front after the green dropped and drive perfect opening stints. Sure, while cameras were rolling I played it cool, but as soon as they turned away I was a beacon of giddy pride like I was watching a little brother riding his bike without training wheels for the first time. When it came my turn to get behind the wheel, I knew that one of my closest friends, Tyler McQuarrie, would be in our sister car.

Lexus leads J.D. Power's Vehicle Dependability Study for 2021

J.D. Power's latest Vehicle Dependability Study is out, and, not surprisingly, Lexus sits at the top for the ninth time in the last 10 years. Right behind Lexus is Porsche, followed by Kia, which is the highest-ranked mass-market brand in the study. Genesis, last year's top-ranked brand (in its first year included in the results), fell from first to eighth, though the G80 sedan did earn an award in its midsize luxury segment. The Porsche 911 was called out as the Most Dependable Model by J.D. Power for the second time in the last three years. The vehicles being studied are from the 2018 model year, which means owners have had three years to get to know their cars and trucks. It's notable that this year's study shows a marked improvement in overall vehicle dependability as tracked by J.D. Power. The overall level of problems, scored by the number of problems per 100 vehicles (PP100), declined by 10% compared to last year.  "The study results validate what we have known for some time," said Dave Sargent, vice president of global automotive at J.D. Power. "Automakers are making increasingly dependable vehicles — but there are still some problem areas that need to be addressed and some warning signs on the horizon." Tesla makes its inaugural appearance on the Dependability Study, though its score of 176 PP100 isn't official. Tesla is the only automaker that has chosen not to grant J.D. Power permission to survey its owners in all 50 states. As we've pointed out in the past, the Vehicle Dependability Study includes eight major vehicle categories grouped by J.D. Power as follows: audio/communication/entertainment/navigation (ACEN); engine/transmission; exterior; interior; features/controls/displays (FCD); driving experience; heating, ventilation and air conditioning; and seats. All issues reported by owners are all tracked equally, which means a problematic phone pairing procedure dings an automaker's rating the same as a blown engine or transmission. And in fact, the ACEN category has more reported problems than any other, which means the majority of problems reported don't lead to a vehicle that leaves its owner stranded. Green Land Rover Lexus Porsche Car Buying JD Power dependability reliability

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.