1961 Porsche 356 B 1600 Super Silver/black Matching Numbers on 2040-cars

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German judge 'inclined to dismiss' hedge fund lawsuit against Porsche

Last year, around two dozen investors, including hedge funds, leveled a 1.4 billion euro ($1.95 billion at the time) lawsuit against Porsche in connection with the automaker's attempted takeover of Volkswagen in 2008. The Stuttgart Regional Court dismissed the case. Around 19 of those plaintiffs are heading back to court to appeal the ruling and still hope to get 1.2 billion euros ($1.4 billion). However, according to one German judge, the chances for success aren't any better this time around. "On balance it's our view that we consider the lawsuit, or the appeal, to be unpromising for several reasons," Gerhard Ruf, a judge in Stuttgart, said to Reuters. "We are inclined to dismiss the case." The court's ruling on the appeal will be announced on March 26. The investors' case hinges on Porsche's strategy surrounding the botched takeover. The sports car maker said that it wasn't trying to control VW, when in fact it was. These hedge funds had bet against Volkswagen stock, but the share price surged when Porsche's plan inevitably came to light. Investors have sued the sports car company multiple times since then in attempts to recoup billions of dollars. However, none of the lawsuits have been successful, whether attempted in the US or Germany. Former Porsche CEO Wendelin Wiedeking and and CFO Holger Haerter might still stand trial for the alleged stock manipulation, though. News Source: ReutersImage Credit: Matthias Rietschel / AP Photo Government/Legal Porsche Volkswagen lawsuit hedge funds porsche lawsuit

This Porsche 356 family keeps it outlaw

Rod Emory was the founder of Emory Motorsports in Burbank, CA, and the scion to a family tradition of building "outlaw" Porsches that are almost as cool as the cars themselves. The lovingly modified Porsche 356s are lovely artifacts, and their story, along with the story of their builders, is pitch-perfect for the Petrolicious oeuvre of beloved classics.
Tune in for the history lesson, and then stick around for the car candy.

Black Edition Porsche Cayman is cooler than your Amex

I was working in a restaurant when I saw my first American Express Centurion card. Colloquially known as the Black Card, the Centurion is a substantial thing, if you've never handled one. It's, as the nickname describes, black, and made from titanium. It's cold to the touch and because it's so much heavier than a normal card, it feels like a piece of precision engineering. At the time, I couldn't get through my head just how German it felt, despite the "American" on its face. In many ways, this Porsche Cayman Black Edition is like the Black Card. It's the same color, for one. Gloss-black paint comes standard, although you're free to spend $710 for the metallic Jet Black variant. Like the exterior, the interior can only be had with black leather. Other upgrades for this "exclusive" Cayman include a Sport Design steering wheel, 20-inch Carrera Classic wheels, bi-xenon headlamps with the Porsche Dynamic Lighting System, navigation, heated seats, and an upgraded stereo. While its color and exclusivity might be a lot like the Centurion Card, we're wagering this isn't the Cayman most Black Card holders would buy, and that's because Porsche based it on the 275-horsepower model, rather than they hairy chested, 325-horsepower Cayman S, 340-hp GTS, or 385-hp GT4. That means 60 miles per hour arrives in a leisurely 5.4 seconds for the manual, 5.3 seconds for the PDK automatic, and 5.1 seconds for the PDK in Sport Plus mode. And if time really is money, those numbers aren't going to mesh with Black Card carriers. Prices for the Cayman Black Edition start at $60,195, or $6,600 more than the standard Cayman. While that seems steep, according to our contacts at Porsche, you'd be spending $12,825 to add the Black Edition's standard equipment to a normal Cayman. Sales are slated to begin in January. Porsche has released a single image of the new Cayman, available up top. You can also scroll down for a brief press release. Related Video: IN ELEGANT BLACK: PORSCHE CAYMAN BLACK EDITION Exclusive edition of 2016 Porsche Cayman in classic color combination ATLANTA, Oct. 1, 2015 -- Porsche is expanding the Black Edition line-up to include a new special edition of the Cayman. A strong complement inside the special edition series, which also includes the Boxster and the 911 Carrera, the Cayman Black Edition is distinguished with a timeless Black on Black design and an extensive level of standard equipment.