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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.

Porsche releases new images of LMP1 racecar

Porsche has released another batch of images of its LMP1 competitor preparing for its debut season in 2014. This isn't the first we've seen of the new car, as June saw four images of the new racer undergoing testing. Where those images looked merely like someone taking pics during the test, the 11 new images seen above have all the hallmarks of highly polished PR shots.
That aside, the camo-covered cars still provide another look at what the new LMP1 car will look like when it arrives next season. The taillights follow the example set by Audi, by vertically mounting ultra-thin LEDs on the tips of the rear wing, while the LED headlights sport the four-prong look that Porsche has been pushing of late. Besides those two items, its difficult to make out many details due to the amount of camo.
Porsche's LMP1 effort will be focused on the FIA World Endurance Championship, which will see the revered brand return to the top flights of the 24 Hours Of Le Mans with F1 ace Mark Webber behind the wheel. As we've mentioned before, the German brand has set up a dedicated microsite that will cover its newest racer's progress.

Watch a marksman go clay shooting from a Porsche 911

A Porsche 911 is exciting. Firing a shotgun at clay pigeons is also exciting. And when you combine the two? An amazing video. This video features British master marksman Phillip Thorrold as he takes on a very different form of competitive shooting, because traditional sporting clays, trap, and skeet must be too boring. By mounting a clay pigeon trap to the hood of a Porsche 911 Targa, Thorrold has melded driving and shooting in a way that hasn't been seen since James May and Jeremy Clarkson of Top Gear tried to rethink the biathlon. The Brit makes short work of the clays with his over-under shotgun. Even as he runs form spot to spot to intercept the Porsche, he has no trouble downing the discs as they're launched unpredictably from the speeding, sliding 911. He then hops in the passenger seat and proceeds to take out the tiny, orange clays while zipping down a country road. If that's not awesome enough, the clays have been fitted with exploding discs, for that extra bit of excitement. We've posted the entire three-minute video at the top of the page. Even if you aren't into competitive shooting, this is a spectacle you aren't going to want to miss. Please don't try this at home. Related Video: