1999 Porsche Boxster on 2040-cars

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German judge 'inclined to dismiss' hedge fund lawsuit against Porsche

Last year, around two dozen investors, including hedge funds, leveled a 1.4 billion euro ($1.95 billion at the time) lawsuit against Porsche in connection with the automaker's attempted takeover of Volkswagen in 2008. The Stuttgart Regional Court dismissed the case. Around 19 of those plaintiffs are heading back to court to appeal the ruling and still hope to get 1.2 billion euros ($1.4 billion). However, according to one German judge, the chances for success aren't any better this time around. "On balance it's our view that we consider the lawsuit, or the appeal, to be unpromising for several reasons," Gerhard Ruf, a judge in Stuttgart, said to Reuters. "We are inclined to dismiss the case." The court's ruling on the appeal will be announced on March 26. The investors' case hinges on Porsche's strategy surrounding the botched takeover. The sports car maker said that it wasn't trying to control VW, when in fact it was. These hedge funds had bet against Volkswagen stock, but the share price surged when Porsche's plan inevitably came to light. Investors have sued the sports car company multiple times since then in attempts to recoup billions of dollars. However, none of the lawsuits have been successful, whether attempted in the US or Germany. Former Porsche CEO Wendelin Wiedeking and and CFO Holger Haerter might still stand trial for the alleged stock manipulation, though. News Source: ReutersImage Credit: Matthias Rietschel / AP Photo Government/Legal Porsche Volkswagen lawsuit hedge funds porsche lawsuit

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:

Jay Leno takes an in-depth look at a 1964 Porsche 356C restomod

Look nearly anywhere at Dr. Anand Rajani's 1964 Porsche 356C, even the engine, and you would never realize that it boasts around 50 percent more power than stock. There's no sign of any other mods to make the drive a bit more modern, either, but they're there. The car's invisible upgrades result in an amazing transformation of a car that started out pretty great to begin with, and Jay Leno can't seem to get enough of driving this beautiful, gray coupe with restorer John Willhoit. Before going for a drive, Leno takes a deep dive into the details of this Porsche's modifications, particularly of its engine. The result of all the work is a mill that looks visually stock but actually boasts a significant jump in displacement. Willhoit admits this is particular one is a fairly conservative build but output still reaches 145 horsepower and 145 pound-feet of torque. If you're worried that Jay's CNBC show might have a detrimental effect on the quality of the Jay Leno's Garage YouTube video series, then here's your answer. For vintage Porsche fans interested in the nuts and bolts of making them even better, it's hard to imagine Leno making a better clip than this one.