1987 Porsche 924s For Project Or Parts on 2040-cars

Auto blog

Leno buys classic Porsche 356 Carrera 2, seeks out and finds perfect expert for help

The world of collector cars is fairly tight-knit when you get down to individual models. Need proof? Just take a look at this latest video from Jay Leno's Garage. The subject is a gorgeous 1963 Porsche 356 Carrera 2. Jay, being known as quite a collector, got a call from someone looking to sell. While doing his due diligence and looking for a 356 expert to go over the car with him, he came across John Willhoit.
Where the story gets weird is when Leno is asked the license plate number - it turns out that Willhoit, owner of Willhoit Restorations, had restored the exact same car more than 30 years prior. He then sold it to the same person that was looking to give it to Leno. What follows is a truly interesting video on the little quirks of the 356, along with Willhoit's personal history on a car he hadn't seen since 1976.
This is a bit more mechanically detailed than Leno's normal videos, but it's on a very interesting subject. Take a look below for the entire film.

$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.

Porsche Cayenne, Panamera production halted by flooding

If you recently ordered a Porsche Cayenne or a Panamera, delivery may take a little longer than originally expected. Automotive News reports that production of both models has been temporarily halted at the Porsche assembly plant in Leipzig, Germany as the result of supply shortages caused by flooding in the nearby Czech Republic. The reason for the stoppage is that the body of the Cayenne - currently Porsche's best-selling model - is produced at a Volkswagen plant in the Czech city of Bratislava and shipped by train to Leipzig.
The report does not indicate why Panamera production has been stopped - that the five-door's body is made at a separate location in Hanover, Germany. However pre-assembly will continue on these models. At full capacity, the Leipzig plant can produce about 450 vehicles per day, and it isn't clear how long this weather-related stoppage will last.