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Le Mans-winning Porsche 935 K3 'seized' by DEA agents

Porsche has won Le Mans more than any other marque, but only one of those overall race winners was actually based on a 911. That was the 1979 Porsche 935 K3, chassis number 009 00015 that was entered by brothers Don and Bill Whittington. It went on to win at the Nürburgring and Watkins Glen, and scored podium finishes at Sebring and Brands Hatch as well. In short, it's a historically significant and hugely valuable piece of motorsport history. And it was just seized by the DEA. Sorta.
After the Whittington brothers ran afoul of a handful of lawsuits and were implicated in smuggling narcotics, the car changed hands a few times before ending up in the noted collection of one Bruce Meyers. He had it at Laguna Seca earlier this month when a black Suburban, Dodge Charger and transporter truck pulled up with government plates, asked to speak with Meyer, presented him with a court order, loaded the car onto the truck and drove off.
Though familiar with the legal disputes surrounding the ownership of the car and the misdeeds of its famous original owners, Meyer was left understandably distraught over the events that had just unfolded in front of him to separate him from his pride and joy. (Or one of them, anyway; Bruce has got an eminently desirable collection of classic cars.) But here's the kicker: those DEA agents weren't actual DEA agents. Fortunately they weren't thieves, either. The actual story could have been the plot right out of Ocean's 14 if they ever made one and it focused on classic cars. (Is anyone in Hollywood listening?)

Porsche to reveal Cayman GT4 Clubsport racer in LA

Aspiring professionals and amateur gentleman racers alike will want to swing by the Porsche booth at the LA Auto Show this year. That's where the German automaker will be revealing its new entry-level racer. The Porsche Cayman GT4 Clubsport is nearly stock, but features some choice upgrades to cater its disposition toward the racetrack. Power comes from the same 3.8-liter flat-six as the road-going Cayman GT4 (shown above), producing the same 385 horsepower. It ditches the manual, however, for the faster-shifting DCT (which we expect will soon be offered on the showroom version as well), aided by a mechanical locking differential. It features the front suspension setup from the 911 GT3 Cup car and beefed-up steel brakes. It's also got a roll cage inside and a racing bucket with a six-point harness. All told, the whole package weighs 2,866 pounds – making it a good hundred pounds lighter than the street-legal model on which it's so closely based. Once homologation is complete, customers will be able to field it in series like the Pirelli World Challenge, Continental Tire Sports Car Challenge, and Pirelli GT3 Cup Trophy. Porsche has yet to release images, but we'll be sure to update this post as soon as they're available – so watch this space. New race car for motorsport newcomers Porsche develops Cayman GT4 Clubsport Stuttgart. Using the lightweight Cayman GT4 as the basis, Porsche Motorsport has developed a near-standard racing version. The Cayman GT4 Clubsport celebrates its world premiere at the Los Angeles Motor Show on 18 November. Sales of the 283 kW (385 hp) mid-engine racer for motorsport newcomers also start on this date. Just like its race-worthy production sibling, the Cayman GT4 Clubsport is powered by a 3.8-litre flat-six engine. The racing version features a Porsche double clutch transmission with shift paddles on the steering wheel and a mechanical rear-axle locking differential. The lightweight suspension strut front axle is taken from its big 911 GT3 Cup brother, which is campaigned in Porsche's 20 one-make championships around the world. The impressive racing brake system is fitted with steel brake discs all round measuring 380-millimetre in diameter. Tipping the scales at just 1,300 kilograms, the Cayman GT4 Clubsport, delivered ex-works with a welded-in safety cage, a racing bucket seat as well as a six-point harness, is truly lightweight.

Former Porsche execs acquitted of stock manipulation charges

A German court acquitted former Porsche CEO Wendelin Wiedeking and former CFO Holger Harter of stock manipulation charges, according to Bloomberg. Prosecutors alleged the men hid plans to takeover Volkswagen while publicly denying their intentions to investors. The presiding judge didn't find any merit to those claims, though. "There is nothing to the allegations, absolutely nothing," Judge Frank Maurer said, according to Bloomberg. "There was no secret plan to take over VW." Rather than Porsche taking over VW, the exact opposite eventually happened, and both execs stepped down. Investigators first indicted Wiedeking and Harter for alleged stock manipulation in late 2012. A court in Stuttgart dismissed the case in 2014 because of a lack of evidence, but an appeals court later overruled that decision. The current trial finally began in October 2015. If convicted, Wiedeking faced up to 30 months in prison, and Harter could have received up to 27 months, Bloomberg reported. Prosecutors also wanted one million euro ($1.1 million) fines from them and 807 million euros ($910 million) from Porsche. The acquittal might not be the end of this long-running case, though. In Germany, prosecutors have the right to appeal a ruling, and the lawyer hasn't made a final decision yet. If the court thinks there's a reason, the former execs could be back in front of a judge at some point in the future.