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Porsche 911 GT3 RS ends up in canal near dealership

All new Porsches are cooled by water. That's just the way it is now, and no amount of purist moaning is going to change it. But when it comes to a water-cooled Porsche, this stretches the limits. This Gulf-livery-themed 911 GT3 RS had its nose deposited in a canal outside Porsche of Amsterdam in the Netherlands. There's a water hazard joke to be made here. According to a Google translation, the dealership's owner is blaming a mechanic for the mistake, while adding the damage isn't fatal to the ultra-rare 911. That has to be at least partially because the heart of this beast – the 4.0-liter, 500-horsepower flat-six engine – sits at the far rear of the car. Hopefully, that means damage is limited to just the body, brakes, and suspension. While it's hard to tell from the angle of this photo, the rear-engine layout may also be what kept more of the car from going in the drink – it seems possible a front-engine car may have been submerged. Related Video:

Porsche Cayman GT4 Clubsport delivers track-only thrills for $165K

Among the cars on display in Los Angeles, production and concept cars are normal. Racers, though, are rather rare. And race-specific models that can be had for less than $200,000 are more or less unheard of. Don't tell that to Porsche, though, because the German automaker has introduced the new Cayman GT4 Clubsport for the relatively reasonable sum of $165,000. For that supercar-worthy price, you'll be getting a number of race-derived parts. As we covered in our preview post, that will include a strong roster of safety equipment, including a full roll cage and six-point harnesses that will keep you pinned in a purposeful racing bucket. The standard 18.5-gallon fuel tank can be replaced with an optional 26.5-gallon setup, while a central fire extinguisher keeps things from getting too hot out on the track. Mechanically, the Clubsport adjusts the Cayman GT4 formula for the track. The road car's 3.8-liter flat-six engine is still mounted amidships, but it's paired with super-quick, six-speed dual-clutch transmission, the critically acclaimed PDK. It's the suspension, though, that sees the most dramatic changes, as Porsche has pressed the front and rear strut suspension from the 911 GT3 Cup into duty for the GT4 Clubsport. The new system is lighter, and contributes to the track star's 2,866-pound curb weight. That's nearly a 100-pound drop over the road car. A set of four 15-inch steel rotors clamped by six-piston calipers up front and four-piston units in the rear should deliver stopping power as impressive as the cornering and acceleration. Amateur racers interested in the new coupe can purchase it directly from Porsche Motorsports North America for competition in the 2016 racing season. Homologation is still being hammered out, but Porsche expects the GT4 Clubsport to be certified for the "VLN Long Distance Championship Nurburgring, the Ultra 94 GT3 Cup Challenge Canada, the PCA Club Racing Cayman GT4 Clubsport Trophy East as well as for other club-level competition events around the world." Read on for the official press release. New Porsche Cayman GT4 Clubsport for the racetrack World premiere in Los Angeles LOS ANGELES, Nov. 18, 2015 /PRNewswire/ -- Porsche has added a new sports car for amateur and club racing to its Motorsports fleet: The Cayman GT4 Clubsport celebrated its world premiere today at the Los Angeles Auto Show.

Porsche again staring down another $1.8B in hedge fund lawsuits

The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued the car company in New York. Porsche had publicly stated it wasn't trying to buy VW, the hedge funds in question were shorting VW stock, and when Porsche's actual intentions were revealed, the stock shot up and the hedge funds took a beating.
The case was thrown out over the issue of jurisdiction, then appealed, only to see another suit filed on top of that. After that, most of the hedge funds withdrew their claims in New York and Porsche offered a 90-day window to refile in Germany where it is already fighting a number of other suits over the same issue. The hedge funds accepted the offer, refiling in Stuttgart for $1.8 billion in damages. According to Bloomberg, Porsche hasn't commented on the refiling, but as the same plaintiffs are involved, it's safe to assume that the carmaker still feels the case is "unsubstantiated and without merit." It has fared alright so far even in German courts, with two lesser cases against it thrown out last year.