1988 Porsche 930 Turbo 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.

2014 Porsche 911 Turbo S

A Wicked-Fast Street Legal Multi-Tool
Walter Röhrl was carving up the circuit in the Porsche 911 Turbo S like a skilled Jedi Master - and I was sitting next to him, mesmerized by the breathtaking show. I had strapped myself securely into the front passenger bucket of the all-new coupe less than a minute earlier, expecting nothing more than a few quick laps around a track at the hands of another celebrated race driver. Been there, done that. Many times, actually.
Yet this was different. Röhrl was not only calculated and methodical in his approach, but his rally-tuned cerebrum appeared to be actively reading available grip levels while effortlessly tossing the all-wheel-drive Porsche into each corner at gut-wrenching speeds. His hands were moving rapidly, sending tiny steering corrections to the front tires, and he was using every inch of the track to extract more speed. We launched over a curb, dropped a wheel in the dirt and then drifted around a wide off-camber turn. His human precision and focus was astounding, and the performance he was extracting from the machine was just short of breathtaking.

Porsche Cayman, Boxster caught in GTS trim

A few months ago, we reported on some leaked information from an internal presentation for upcoming Porsche models. This included details about the Macan and the 911 Targa, which we now know to be true, but there was also talk about GTS versions of the Cayman and Boxster.
Well, it appears we're now getting our first look at these GTS models, as our spy photographers have just snapped a pair of Porsche prototypes out testing - one Cayman and one Boxster.
Right off the bat, we can see that both GTS-branded cars will get a slightly tweaked exterior with new fascias (bringing LED daytime running lights to the Cayman) and air diffusers at the rear. The true gem of these cars will be the added horsepower to the tune of 340 horsepower - a 15-hp bump. A manual transmission will likely be standard, as will Porsche Active Suspension Management (PASM).