2002 Porsche Boxster S on 2040-cars

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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 911 Reimagined by Singer

An Iconic Sports Car, Restored to Seduce
I have been strapped behind the iconic Momo Prototipo steering wheel for a little more than an hour, all windows down as I carve my way up a rugged canyon during an unusually warm Southern California evening, and I am overwhelmed with emotion. My heart is pounding out of my chest, my breathing is heavy and my palms are sweaty because I am completely absorbed by this wondrous machine.
After waiting patiently for nearly four years, I am finally behind the wheel of a classic Porsche 911 restored, modified and tuned by Singer Vehicle Design. The vehicle that surrounds me never rolled off an automaker's assembly line in its current configuration, yet its physical appearance is timeless, build quality breathtaking and driving dynamics peerless.

Porsche 911 and Citro"en DS lovechild would look like this

The early Porsche 911 and the Citroën DS were two cars produced in the same era (though the DS launched in 1955, nearly 10 years before the 911), but they were vastly different from each other. The 911 was a uniquely German, pure-bred sports car, while the French-built DS had four doors and focused more on ride quality than sporting intentions. That made it all the more surprising when we came across the 911DS, a creation that binds the rear half of the Citroën to the front of an early, longhood 911.
The folks at Brandpowder are behind the creation, which we surmise was an exercise in design rather than an actual, completed project (some of the images look Photoshopped), but it's compelling nonetheless, with a turbocharged flat-six providing 260 horsepower. We hope someone builds it - though we're sure if that happened the early 911 crowd would cry afoul at one of its increasingly rare and valuable Porsches being grafted onto an old French car.
But as Brandpowder points out lightheartedly, perhaps the creation could transcend popular car culture: "The 911DS represents the effort of two countries, a genuine attempt to join their energy and talent into one thing. We hope Germany and France will be inspired by Brandpowder's story, as a metaphor for a better and greater Europe."