1995 Porsche 968 Cabriolet on 2040-cars

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Porsche board members facing another ˆ1.8B lawsuit over VW takeover bid

Back in 2008, Porsche got the bright idea that it could take over Volkswagen in the midst of the worst economic slump since the Great Depression. Ignoring that this was a catastrophic move for the Stuttgart sports car manufacturer that that eventually resulted in it nearly going bankrupt and eventually being taken over by the same company it sought to control, the aftermath has left Porsche Chairman Wolfgang Porsche and board member Ferdinand Piëch in the crosshairs of seven hedge funds that lost out during the takeover and are now seeking €1.8 billion - $2.43 billion US - in damages from the two execs, according to the BBC.
See, investors bet on Volkswagen's share price going down, partially because Porsche said it wasn't going to attempt a takeover. But Porsche was attempting to take over VW, having bought up nearly 75-percent of VW's publicly traded shares. When word broke that Porsche owned nearly three-quarters of VW (which indicated an imminent takeover attempt), rather than go down like the hedge funds bet it would, VW's share price skyrocketed to over 1,000 euros per share, according to Reuters.
Naturally, when you bet that a company's share price is going to drop and it in turn (temporarily) becomes the world's most valuable company, you lose a lot of money, unless you're able to buy up shares before prices jump too much. This led to a squeeze on the stock, which the hedge funds accuse Porsche and Piëch (who are both members of the Porsche family and supervisory board) of organizing.

Porsche's latest Driver's Selection keeps enthusiasts happy at home

Porsche fans - and there are certainly plenty of them out there, even in here on the Autoblog editorial staff - can be pretty emphatic about their enthusiasm, insisting that the 911 is the very definition of the sportscar. And for some, merely admiring one from afar or even leaving theirs parked outside isn't enough. For just such enthusiats, Porsche Design has expanded its Driver's Selection with some tantalizing additions for the home and office.
First up is a desk chair made from the bucket seat in a 911 Carrera, which we have to admit we'd rather be sitting in right now over this blasted, rather unexciting ergonomic office chair. It's covered in black leather (the same you'd find inside an actual 911) embossed with the Porsche emblem and features electronic backrest adjustment.
There's also a wall shelf made from the carbon-fiber rear spoiler a 911 GT3 Cup racecar that can support up to 264 pounds of downforce in the form of books, trinkets and whathaveyou. And there's a limited-edition resin model of the 918 Spyder in 1:8 scale. The items haven't hit the Porsche shop just yet, so we don't have pricing information, but if they tickle your fancy, the online store has plenty more to offer.

Investigators blame speed in fatal Paul Walker crash

When the tragic news first came in that actor Paul Walker had been killed in a car crash, family, friends and fans were left searching for answers. They now have at least one key question answered, with the Los Angeles County Sheriff's Department blaming "unsafe speed" for the fatal accident.
According to a statement released by the LACSD, "Investigators determined the cause of the fatal solo-vehicle collision was unsafe speed for the roadway conditions". The investigation into the November, 2013 crash determined that Walker's 2005 Porsche Carrera GT had been driven by his business partner and racer, Roger Rodas, at speeds between 80 and 93 miles per hour - less than the 100+ mph initially suspected, but still far too fast for the road on which they were traveling, which carried a posted limit of 45 mph.
In the investigation into the death of the Fast & Furious star and his friend, some people were quick to finger the Porsche in which they were riding as the culprit. The Carrera GT does, after all, have the reputation of being a notoriously difficult car to control. But after an exhaustive investigation, law enforcement officials in California have vindicated the car and dismissed any mechanical fault as the cause of the accident.