1982 Porsche 911 Sc Targa Needs Work, Runs And Drives, Good Fuchs Wheels. 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.

Will Roegge makes 4K art of Jeff Zwart's 911 build and run up Pikes Peak

Will Roegge has turned his camera on Jeff Zwart and provided another gem, this time documenting Zwart's run up Pikes Peak and BBI Autosport. Bertim Besha dropped out of high school, then worked his way up to founding his own shop, BBI, that gathers a crew of tuners who are just as fastidious about their work as the customers are about their cars.
They prepped the 991-series Porsche 911 GT3 Cup Turbo, the product of combining a 911 GT2 that was the most powerful car Zwart drove up the mountain with a GT3 Cup that Zwart thought had the best handling. Two TiAL turbos and a lot of fettling make for a 3.8-liter flat-six with 700 horsepower, 700 pound-feet of torque and a 7,800-rpm redline. Zwart drove it to a heartbreaking second place this year, finishing less than 1.2 seconds behind the Time Attack 1 class winner when his car suffered its first mechanical issue of the week.
The first video below covers Besha, BBI and the build, the second is Zwart's run. As if the visuals weren't enough, sit back and enjoy the shrieking of the "Hill Climb Special," which is what the constellation Sirius would sound like if it could bark.

Petrolicious studies the purity of a Porsche 911 2.7 RS

Water-cooled Porsches are superior to the old, air-cooled models. This really isn't up for debate, despite the mob of Porsche purists, with pitchforks and torches in hand, currently descending on the Autoblog offices. Water-cooled models are more powerful and easier to live with, two factors that make modern Porsches just so darn amazing.
And while we won't hear arguments on anything we've written above, we will say that the old air-cooled models, while not superior, are just, somehow, better. They sound better - a lot better. They're simple, elemental and wildly entertaining things, that just beg for more and more. They rev in a way that forces drivers to work to unlock their power, rather than just push their right foot down. Part of the appeal of air-cooled Porsches, in addition to what we just listed, are the gorgeous cars they're slotted into, like the subject of the latest video from Petrolicious.
Starring a 1973 Porsche 911 Carrera 2.7 RS, this video is a bit shorter than recent ones, but it's no less exciting. This 911, complete with it's sweet-sounding exhaust is the kind of simple, entertaining thing we can watch over and over. Scroll down for the full video.