2024 Porsche 911 Targa 4 Gts on 2040-cars

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$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.

Driving the C8 Corvette, and previewing GM's electric future | Autoblog Podcast #617

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by West Coast Editor James Riswick and Road Test Editor Zac Palmer. First they dive right in to the experience of driving the 2020 Chevrolet Corvette, followed by their review of the Mercedes-Benz GLE 350. Then they talk about the week's news, beginning with the whole slew of electric vehicles General Motors surprised us with at its EV Day. Next, they discuss the possibility of Porsche building a hybrid 911, as well as news about Ford's electric Transit van making its way to the U.S.. Last, but not least, they take to the mailbag to help a listener pick his next car in the "Spend My Money" segment. Autoblog Podcast #617 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Driving the 2020 Chevrolet Corvette Stingray Driving the 2020 Mercedes-Benz GLE 350 GM EV Day: Cadillac Celestiq and Lyriq, GMC Hummers and more A hybrid Porsche 911? Ford Transit electric commercial vans coming to U.S. Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Porsche Macan Turbo gets a Performance Pack, because more power is better

The entire Porsche Macan lineup is turbocharged, but the Turbo (with a capital T) is the fastest, most powerful model. And now, thanks to a new Performance Package, the Macan Turbo solidifies its role as the benchmark. With the package, the Macan Turbo's twin-turbo 3.6-liter V6 gets bumped up to 440 horsepower (40 horsepower more) and 442 pound-feet of torque (an increase of 36 pound-feet). The increase results in a zero to 60 mph time of 4.2 seconds, which is 0.2 seconds quicker than the regular Macan Turbo, and a higher top speed of 169 mph, up five mph. The Macan Turbo was already quicker than its competition, but the new pack increases the performance gap between the Audi SQ5, Mercedes-AMG GLC43, and BMW X3. Opting for the Macan Turbo with the Performance Package also adds a lower suspension, upgraded brakes, and the makes the Sport Chrono Package equipment standard. The Performance Pack also adds more options, including 21-inch wheels similar to the Porsche 911 Turbo's, LED headlights, and various trim that can be finished in black. The interior also gets a sportier touch with the addition of Alcantara touches and carbon-fiber pieces. The Macan Turbo with Performance Package is available now for $87,495 – or $10,445 more than a base Macan Turbo. As we said in our first drive of the Macan Turbo, it's an impressive machine. So while the Performance Package makes it even better, that's a lot of money for a slight increase in performance. Related Video: Featured Gallery 2017 Porsche Macan Turbo with Performance Package News Source: PorscheImage Credit: Porsche Porsche Crossover SUV Luxury Performance porsche macan porsche macan turbo