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Stock Miata beats bunch of high-powered cars in wet 1/4-mile drag race

When is a stock, 167-horsepower Mazda MX-5 Miata quicker than a Chevrolet Corvette, Ford Mustang, Lamborghini Gallardo, Lotus Elise and a Porsche 911? When it's raining. Sort of.
Mazda Canada arranged a unique drag race to show off the fact that the Miata's optional power retractable folding hardtop can go from top-down to top-up in just 12 seconds flat. In this video, all six cars line up for a drag race, and it starts to rain (well, sort of - but you'll have to watch the video all the way to the end to see what we mean). The green flag is waved, and the timer starts as soon as the convertibles begin to put their tops up. But because the Miata's roof mechanism gets the car's roof back up a full 5.1 seconds quicker than the second-place car, the Mazda gets a serious advantage off the line for the actual drag race.
It's a fun video. And while we've spoiled the results (come on, the video was uploaded by Mazda, you knew the Miata was going to win), be sure to see how it all unfolds, below.

Techart Porsche 911 Targa 4S is a tuner's attempt at being tasteful

We've not been terribly nice to the aftermarket tuners of the 2015 Geneva Motor Show. That's largely because they don't deserve our kindness. Techart, though, is not going to be the subject of derision, largely because aside from painting this Porsche 911 Targa a particularly lurid shade of yellow (and finding seat upholstery and trim to match), the changes aren't particularly offensive. Hell, paint it black, silver or red, and it'd just look like a more aggressive Porsche. That's largely because it is. Techart has behaved itself, fitting a brand new body kit featuring a new rear spoiler, diffuser, front splitter and side skirts, and replacing the much of the interior componentry with carbon fiber and aluminum components. The tuner doesn't mention the exact name of the shade used both inside and out on this Targa, although those with more conservative tastes will rest easy knowing that "stylistic harmony with standard or Techart individual paint is guaranteed." Techart's deft aesthetic treatment hides a similarly light tweaking under the sheetmetal. This car features a new exhaust system, complete with four staggered exhaust pipes that have been finished in black chrome. And that's it. There aren't 17 turbos or a new intake manifold crafted from free-range ivory. It's the same 400-horsepower flat six found in a normal Targa 4S. Techart has fitted its own springs, although it doesn't tell us how much (or even if) the ride has been lowered. 21-inch alloys round out the more practical changes. Check out our full gallery of live images of Techart's latest creation, direct from Geneva. Related Video: News from the TECHART world 03.12.2014 TECHART for the Porsche 911 Targa 4 models Closed roof – open driving pleasure. TECHART Automobildesign sharpens the character of the seventh Porsche 911 Targa 4 generation. Using the right mixture of restraint and emphasis the TECHART Aerodynamic Kit transfers the sportive TECHART design language to the unmistakable lines of the four-wheel drive sports car. TECHART Formula IV light-alloy wheels in 21-inch communicate aesthetic innovative capacity all around. Interior refinement specialists of the TECHART in-house saddlery use precise handiwork to translate the exterior design elements stylistically into the vehicle's interior. TECHART Aerodynamic Kit for die Porsche 911 Targa 4 models. Porsche 911 silhouette. Wide body with active taillight strip. And of course a glass roof with iconic aluminium bar.

$1.4B hedge fund suit against Porsche dismissed

Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the Stuttgart Regional Court has dismissed a 1.4-billion euro ($1.95B US) lawsuit, the decision explained by the court's assertion that the investors would have lost on their short bets even if Porsche hadn't misled them.
Examining the hedge funds' motives for stock purchases and the bets that VW share prices would fall, judge Carola Wittig said that the funds didn't base their decisions on the key bits of "misinformation," and instead were participating simply in "highly speculative and naked short selling," only to get caught out.
With other cases still pending, the continued streak of victories bodes well for Porsche's courtroom fortunes, since judges will expect new information to consider overturning precedent. If there is any new info, it could come from the potential criminal cases still outstanding against former CEO Wendelin Wiedeking and CFO Holger Härter, who were both indicted on charges of market manipulation.