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Porsche tuners 9ff, SpeedArt going bankrupt

Times are tough in Europe right now, and that unfortunately has reaped disastrous consequences for some of its smallest niche automakers. Gumpert, Wiesmann, Artega and Lola have all filed for bankruptcy this year, and it appears that tuners are not immune to the tough times, either.
Word coming in from across the pond suggests that 9ff and SpeedArt - two of the biggest names in Porsche tuning - have filed for bankruptcy as well. 9ff is best known for the GT9, a radical hypercar barely based on the 911, while SpeedArt was once of the foremost tuners of Porsches.
Fortunately there are still plenty of tuners ready to take a wrench to your Elfen, but the reported demise of these two makes the market a little bit smaller and - for Porsche enthusiasts - maybe the world a little bit lonelier, too.

Porsche spotted testing next 911 GT3 in its natural habitat

Want a Porsche 911 GT3? Well too bad, because they're all sold out – and from what we hear, they have been for a while. But don't worry, there'll be another one coming soon. And here's our first look at it. Based on the updated 991, the new GT3 may be one of the few variations on the theme that won't be going turbocharged. It may, however, get a three-pedal manual transmission – possibly the six-speed from the 911 R as opposed to the seven from the Carrera. That is, at least, if the tinkerers in Weissach perk up their ears and listen to what their most enthusiastic customers have been saying. Because while the dual-clutch PDK may be faster, the GT3 has traditionally been as much about the driving experience as it has about outright pace. As it's mostly wearing the bodywork of the outgoing GT3, there's unfortunately little to be seen from this prototype spotted testing at the Nurburgring in one of the first (mostly) thawed test sessions of the season. But you can expect the new model to blend elements from the old GT3 with the revisions made to the new 911. And with it, expect a bit more power and a bit more performance from the latest iteration of a driving enthusiasts' favorite. We're told to expect the new 911 GT3 to hit dealers some time next year. There may or may not be a GT3 RS to follow, but from what we've seen, there ought to be an even faster GT2 RS entering the mix before long as well.

Volkswagen, Bosch reach diesel settlement worth $1.6 billion

Volkswagen Group of America and automotive parts maker Bosch reached a settlement in which the two companies will pay a combined $1.6 billion because of their roles in the automaker's diesel-emissions scandal. VW, Europe's largest automaker, will pay about $1.2 billion to either repair or buy back vehicles. Bosch said separately that it will pay more than $300 million to owners of diesel-powered Volkswagens, Audis, and Porsches. The settlement stems from emissions issues related to about 78,000 VW-made cars and SUVs with 3.0-liter V6 diesel engines that were sold in North America. VW will recall and repair about 58,000 vehicles made for the 2013-through-2016 model years. The company will also buy back, offer a trade-in credit, or terminate the leases for about 20,000 cars for the model years 2009 through 2012. The older impacted models are the Volkswagen Touareg and Audi Q7, while the newer ones are the Touareg and Q7 as well as Audi's A6, A7, A8, A8L, and Q5 models, and finally the Porsche Cayenne Diesel. Previous reports estimated the payout at closer to $1 billion. The US settlement follows one reached last year between VW and US regulators in regards to VW's 2.0-liter diesel engines. That settlement was estimated to cost VW about $15 billion and impacted owners of about 500,000 vehicles. VW has had a stop-sale on its diesel vehicles in the US since late 2015 after it was discovered that VW installed software in its diesels that allowed those vehicles to cheat emissions-testing systems. VW on Wednesday also reiterated that it would contribute $225 million towards environmental-remediation efforts in the US. Volkswagen of America CEO Hinrich J. Woebcken, in Wednesday's statement, said that "we will continue to work to earn back the trust of all our stakeholders and thank our customers and dealers for their continued patience as this process moves forward." Related Video: News Source: Volkswagen via Automotive News-sub.req.Image Credit: Shannon Stapleton / Reuters Government/Legal Green Audi Porsche Volkswagen AutoblogGreen Exclusive Emissions Diesel Vehicles vw diesel scandal scandal settlement