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Stunning vintage Porsche 911 collection profiled by eGarage

It's Pebble Beach time, so how appropriate that eGarage presents us a vid on one of the finest personal Porsche collections in the world. A former COO of drug maker GlaxoSmithKline, Robert Ingram amassed more then 50 Porsches that include a 1949 356 Gmund, a 1961 356B 1600 Carrera GTL Abarth Coupe, and a 1964 356C Carrera 2 Coupe. His collecting career didn't start well, Ingram saying he bought his first Porsche in 1959 sight unseen and it was a fiasco, the seller had lied about everything. Ingram said he still has the car, unrestored, and uses it to show people "what happens when you don't do your due diligence." Things have got much better. Ingram said he's committed to using his cars during his lifetime, so he called some friends for a weekend in Napa Valley to drive selections like his 1968 911L Rally Kit/Sport Kit II, a 1973 911 Carrera RS 2.7, a 1974 911 RS 3.0, and the first 1990 911 Carrera 4 Lightweight. As far as we can tell, they did not drive the Porsche tractor also in the collection. The collection is covered in a new book called Porsche Unexpected by veteran car writer Randy Leffingwell, with photography by Michael Furman, and it also examines the skill of collecting, with tips and mistakes shared by Ingram and other collectors. You can check out some of the cars and words from the party involved in the video above. News Source: eGarage via YouTube Porsche Coupe Luxury Performance Classics Videos egarage

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.

Weekly Recap For 6.24.16 | Autoblog Minute

Leaked photos of the 2017 Porsche Panamera, and spy shots of the Jeep Wrangler and Ford Fiesta ST. Senior Producer Chris McGraw reports on this edition of Autoblog Minute. Ford Jeep Porsche Autoblog Minute Videos Original Video ford fiesta st fiesta st