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Porsche is facing an unusual lawsuit, and no, it isn't about emission scandals, or missing parts. Neither is it an airbag issue or models that lack certain horsepower. Rather, it is the fact that the dashboard is too bright that people need to wear sunglasses to drive the car.
A group of unhappy Porsche owners got together because apparently, they all have the same complaint. That their German sports car have a gleaming dashboard, especially when the sun is out, as it reflects onto the windshield. Having said that, it makes the car difficult to drive as it hurts their eyes. Therefore, they will have to spend extra cash to get themselves a decent pair of polarized sunglasses.
The group created a website called DashboardGlareClassAction.com where they stated that the brightness may cause unnecessary accidents, and that the German manufacturer must do something about it. To defend itself, Porsche did say that there had been no accidents that had been reported with this complaint. What the company also intends to do to avoid further legal action from the group is that they will reimburse their customers’ sunglasses by giving them $50 to $175 depending on how much the shades are. Apparently, Porsche drivers will likely own an expensive pair of shades.Read the entire article Owners of 2007-2016 Porsche models with light interior can be refunded for cost of sunglasses
Kristine Rodas -- widow of Roger Rodas died killed along with Paul Walker in a Porsche Carrera GT crash in November 2013 – has filed a wrongful death lawsuit at the Los Angeles Superior Court against Porsche Cars North America, several media reports say. The lawsuit is seeking unspecified damages from Porsche Cars North America.
The suit claims that Rodas was driving his vehicle at 55 mph, not in excess of 90 mph as the official crash investigators determined. The lawsuit also claims that Porsche Carrera GT lacked a proper crash cage and safety features in the gas tank that could have saved the Rodas and Walker.
The suit likewise claims a failure in the vehicle’s suspension forced it to stagger out of control and collide with a lamppost and several trees before coming into rest and bursting into flames. The lawsuit alleges that the Carrera GT was unsafe for its intended use due to the “defects in its manufacture, design, testing, component and constituents.”Read the entire article Porsche facing wrongful death lawsuit over Paul Walker car crash
After the U.S. lawsuit filed by 26 hedge funds against Porsche SE was dismissed, the automaker’s shares rose on Friday. This is just one of several legal actions over its purchase of shares in Volkswagen, the biggest automaker in Europe. Porsche’s preferred shares in Germany went up by 6.3% to 61.70 euros, the highest price reached since January 2011.
However, analysts cautioned that Porsche’s win in court centered on a legal formality instead of the substance of the case. Last Thursday, a five-justice panel of the New York State appeals court in Manhattan determined that the state was the wrong place for the lawsuit to be filed.
So now, the hedge funds have 30 days to make a decision on whether they will pursue the lawsuit in New York's highest state court, the Court of Appeals. DZ Bank analyst Michael Punzet said Porsche still faced other lawsuits that remain pending. He explained that the ruling was based on the jurisdiction and not the claim itself.Read the entire article Despite court win, Porsche faces more VW lawsuits
The New York State appeals court ruled in favor of Porsche Automobil Holding SE and dismissed a lawsuit filed by 26 hedge funds that claimed that the automaker caused over $1 billion of losses by cornering the market in Volkswagen AG shares. In a unanimous decision, the five-justice panel in Manhattan determined that Porsche had met its "heavy burden" to ascertain that the state was the wrong place in which to bring the lawsuit.
Porsche was accused by the hedge funds of creating a "massive short squeeze" in October 2008 by discreetly purchasing almost all of Volkswagen's freely traded ordinary shares in an attempt to take over the company, even when it publicly stated that it won’t do so. Upon Porsche’s unveiling of its holdings, VW’s shares increased. For a short time, VW became the world's biggest by market value.
This led to losses for hedge funds that had bet on a decline in the stock price. Porsche lawyer Robert Giuffra stated in an email that this decision is an "important victory."Read the entire article Porsche SE wins dismissal of hedge fund lawsuit over VW
New York State Supreme Court Justice Charles Edward Ramos has rejected a motion by Porsche SE to dismiss a lawsuit alleging that the carmaker hid plans to corner the market in Volkswagen AG shares. According to Ramos, the core of the claims against Porsche by 26 hedge funds including Greenlight Capital Inc. and Glenhill Capital LP is whether New York courts may hold a foreign entity responsible for fraudulent misrepresentations aimed at plaintiffs in the state.
Porsche vowed to appeal the ruling. The court rejected Porsche's characterization of the issues in lawsuit as the manipulation of the German stock market and the trade of German securities.
Ramos wrote in his opinion that New York has a vested interest in such an action. The hedge funds, which bet that Volkswagen stock would drop, claim that Porsche misled investors by denying through much of 2008 that it planned to buy Volkswagen and by using manipulative trades to hide its stock positions.Read the entire article New York Court denies Porsche’s request to dismiss VW lawsuit
A Stuttgart, Germany, district court divulged that the first lawsuit in Germany against Porsche Automobil Holding SE related to the sale of Volkswagen AG stock options in 2008 has been filed by an unidentified plaintiff, who is represented by Christoph von Arnim.
A court spokesman said that in the new lawsuit filed by Berlin-based law firm FPS Rechtsanwaelte & Notare, the plaintiffs want its EUR3.1 million ($4 million) loss compensated by Porsche and the German unit of Canadian lender Maple Bank.
These lawsuits represent a significant concern for Porsche's planned merger with Volkswagen, scheduled for 2011, since U.S. hedge funds sued the company for billions, putting the deal at risk.Read the entire article Porsche faces German lawsuit related to the sale of Vw stock options in 2008
U.S. District Judge Harold Baer in Manhattan dismissed two lawsuits that claimed that Porsche Automobil Holding SE cost hedge funds over $2 billion by deceiving short-sellers in acquiring Volkswagen AG shares in 2008.
The ruling had scrapped the complaints filed by hedge funds Elliott Associates LP and Black Diamond Offshore who represented 39 U.S. and foreign-based funds.
The suits had claimed that Porsche secretly cornered the market in Volkswagen shares. The short-sellers asserted that Porsche misled investors by denying through much of 2008 that it aimed to acquire Volkswagen and by using manipulative trades to hide its stock positions.Read the entire article U.S. Court dismisses hedge-fund lawsuit against Porsche
Porsche Automobil Holding SE won dismissal of investor lawsuits that sought to overturn rulings made at a 2009 shareholder meeting during the carmaker's bid to take over Volkswagen AG. Company spokesman Albrech Bamier says the Company welcomes the ruling.
The plaintiffs said that Porsche's management should have answered questions they asked at the meeting about the strategy leading up to an October 2008 proclamation that it controlled 42.6 percent of VW shares and had so-called cash-settled options for another 31.5 percent.
The Stuttgart Higher Regional Court in Germany denied the motion by two minority shareholders, who also targeted rulings discharging directors from liability for the 2008 fiscal year, affirming a lower tribunal's May 28 ruling in favor of Porsche. Porsche's botched takeover bid led to CEO Wendelin Wiedeking's ousting in July 2009 and regulatory lawsuits and investigations in the United States and Germany.Read the entire article Porsche won dismissal of investor lawsuits seeking to stop Vw merger
German sports car maker Porsche is making its presence the 2018 Los Angeles Auto Show felt further by unveiling to the global public its new Porsche 911 GT2 RS Clubsport. If you’re familiar with the street-legal yet track-focused outgoing 991-generation of the 911 GT2 RS, then the 911 GT2 RS Clubsport is basically its racing version.
As racing version, the Porsche 911 GT2 RS Clubsport can only be driven on the tracks, which means that this race car is the carmaker’s newest attempt to lure in racing enthusiasts. The 911 GT2 RS Clubsport can be raced at clubsport-style events, including those organized by Porsche Club of America, as well as at a possible future racing series organized by SRO.
The Porsche 911 GT2 RS Clubsport shouldn’t be mistaken for the no-cost optional Club Sport package offered for the 911 GT2 RS in Europe, but not in the United States. There are a number of differences, but we would focus only on the Clubsport model, not the package.Read the entire article 2018 LA Auto Show: Porsche unveils track-only 911 GT2 RS Clubsport race version
Porsche has finally unveiled the eight generation of its iconic sports car on the eve of the 2018 Los Angeles Auto Show. The Porsche 911 enters the 992 generation with two all-new offerings for the 2020 model year. More powerful and more dynamic than before, the new 2020 Porsche 911 Carrera S and 911 Carrera 4S make use of the formula that made the 911 an icon, making them a true 911.
Outside, the new 2020 911 Carrera S and 911 Carrera 4S are easily identifiable as Porsche models; after all the Porsche design DNA is timeless. Moreover, the exterior of the new 911 Carrera S and 911 Carrera 4S now look more muscular than before. This is made possible by its wider wheel housings that accommodate 20-inch front wheels and 21-inch rear wheels.
Compared to their predecessors, the all-new 2020 Porsche 911 Carrera S and 911 Carrera 4S are wider on the front by 45 mm (1.77 inches) as well as on the rear to 1,852 mm (72.91 in), making them as wide as the previous 911 Carrera 4 and 911 GTS models. Interestingly, the entire outer skin is now made from aluminum, except from front and rear fascias.Read the entire article 2018 LA Auto Show: Porsche unveils 8th-generation 911 (992) Carrera S and Carrera 4S
After VIN registrations revealed months ago that Porsche was planning a new 718 Cayman T, new details have surfaced that about the hardcore model. According to a report by Auto Express, the German sports carmaker has almost completed the new lightweight Porsche 718 Cayman T and is now putting the finishing touches on this new hardcore model.
As reported by Auto Express, the new Porsche 718 Cayman T will served as a follow-up to the recently released 911 T as its smaller sibling. The new 718 Cayman T will be much lighter than the 718 Cayman, as made possible by employing a number of weight saving features like thinner glass, fabric door pulls and sports seats. In addition, the 718 Cayman T has seen its audio system removed from its cabin.
Overall, the 718 Cayman T would be around 20 kg lighter – in terms of kerbweight -- than the 718 Cayman. The VIN listings uncovered in July show that the 718 Cayman T will have a Gross Vehicle Weight Rating (GVWR) of 3,649 lbs(1,655 kg), which is lighter than a manual-transmission Cayman S (3,670 lbs or 1,665 kg).Read the entire article Lightweight and performance-focused Porsche 718 Cayman T might be on its way soon
The Nurburgring Nordschleife circuit in Germany has been considered as one of the ultimate tests of quickness and speed for carmakers and their cars like. Setting a new record on the so-called Green Hell is fairly a difficult feat to accomplish, but Porsche seems to be taking it real easy as its creation broke anew the record for the fastest road-legal sports car at the Nurburgring.
More than a year ago, on September 20, 2017, a Porsche 911 GT2 RS (991.2) underwent a challenge at the Nurburgring, as piloted by Porsche test driver and development engineer Lars Kern. Riding on Michelin Pilot Sport Cup 2 'N2' tires and fitted with the Weissach Package, Porsche Motorsport bucket seat and harness on driver's side, this Porsche 911 GT2 RS managed to set a new record on the 20.6-km Nordschleife section of the Nurburgring, with a record lap time of six minutes and 47.3 seconds (6:47.3)
However, less than a year later on July 26, 2018, the record was broken by nearly three seconds. The culprit was a 2018 Lamborghini Aventador LP 770-4 Superveloce Jota as piloted by Italian Lamborghini factory driver Marco Marpelli. The time needed by the Aventador Superveloce Jota to complete a lap at the Nurburgring Nordschleife was six minutes and 44.97 seconds (6:44.97).Read the entire article 2018 Porsche 911 GT2 RS MR is now the fastest road-legal sports car at the Nurburgring
The new Porsche Taycan is considered as revolutionary at the German sports car maker as the upcoming model is its first all-electric vehicle. Nonetheless, the new Taycan four-door EV will also be the starting point of a new revolution in the company. As Porsche is committing itself to electric mobility, it also has to undergo a significant change, especially in terms of production.
Porsche is currently building its conventionally powered vehicles, including its 911 sports car, using the traditional principle of an assembly line. But when it commences the production of the Taycan, Porsche will be implementing major changes for the production and assembly facilities of the new EV.
Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Board responsible for Finance and IT at Porsche, remarked that starting 2025, more than 50 percent of the Porsche models delivered are expected to be electrified. While this will require substantial investments in development, production, and staff training, Porsche believes that the carmaker will still be able to achieve a target profit margin of at least 15 percent.Read the entire article Porsche to implement flexi-line production system for new Taycan EV
Just last month, Porsche unveiled the new 935 during the “Rennsport Reunion” motorsport event at Laguna Seca Raceway in California. Featuring a body evoking the legendary Porsche 935/78, the 935 is definitely a race car you would want to drive in the track. Nonetheless, it isn't car you can just drive on the road from your garage to the track. After all, the 935 is a track-only race car and can’t be driven legally on the road.
The problem of getting a track-only race car from a garage to the circuit without circumventing any laws or local ordinances has already been solved a long time ago. To solve such a logistic issue, teams or carmakers have been using transporters, which can be large enough to accommodate more than one race car.
Such a situation is the main theme of one of the latest creative visual projects of Igor Shikitov, an automotive designer from Moscow, Russia. Posted at the Behance social creative site on October 3, 2018, Shikitov’s work was aptly titled “Volkswagen Renntransporter.” After all Porsche is now part of the Volkswagen Group.Read the entire article Volkswagen Renntransporter is home on the wheels for your Porsche 935
The only hybrids that automotive customers can get now from Porsche are its Panamera four-door saloon and its Cayenne sports utility vehicle. While the German sports car maker has confirmed that it would build a hybrid version of the Porsche 911 sports car, that won't happen in the near term. For those who can’t wait for Porsche to offer a 911 hybrid, Vonnen Performance is offering to convert your sports car into one.
Porsche’s main reason for not offering a hybrid version of the 911 is that the German company still doesn’t believe that the current battery technology is on par with its expectations for its venerated sports car. But with the rapid pace that the battery technology is growing, that could happen in the next few years. Porsche chief executive Oliver Blume had said that a 911 hybrid may arrive on the mid-cycle refresh of the 992 generation, which should happen by around 2022 or so.
Because Porsche won't do a 911 hybrid now, Vonnen Performance is offering to do so for 911 models built between 2012 and 2016. This also applies for other Porsche offerings currently not having a hybrid version, like the Boxster and the Cayman. The conversion kit and the entire setup would cost a Porsche owner around $75,000.Read the entire article Vonnen Performance is offering to convert Porsche 911 into a hybrid sports car for $75,000
It was only in June this year when Porsche unveiled the 911 Speedster Concept. Perhaps due to overwhelming response or just a part of its plans, the German sports maker has disclosed at the 2018 Paris Motor Show that it will be putting the Porsche 911 Speedster into production.
At the same time, Porsche unveiled at the event the second concept of the 911 Speedster. Essentially, the 911 Speedster Concept II and the 911 Speedster Concept are identical, with the differences being their paintwork and finishes as well as their wheels.
Both 911 Speedster concepts feature shorter window frame with a more inclined windscreen as well as shortened side windows – resulting to a stockier profile. Both concepts also come with a special rear cover made from carbon fiber, featuring a double bubble cover behind the front seats.Read the entire article 2018 Paris Motor Show: Porsche decides to make the 911 Speedster a production reality
Porsche has already officially announced that it is dropping its diesel-powered vehicles across its lineup while the German sports car maker re-focuses its energy towards electrification. But unofficially, it seems that Porsche is also planning to drop its petrol offerings in favor of an all-electric lineup, save for its 911 sports car.
Citing a person privy with Porsche, manager magazin reported that with the exception of the 911, all other models at Porsche – Boxster, Cayenne, Macan and Panamera – will become pure electric offerings. This means that non-911 models would be dropping not just their diesel engines, but also their petrol engines as well. That basically means no more internal combustion engines at Porsche, except for the 911. The 911 would be spared from being converted into a pure electric unit simply because it is a sports car for the purists.
Porsche conversion of its non-911 models into all-electric vehicles would mean that there would be no hybrid powerplant for these offerings. Hybrids usually combine an internal combustion engine with electric motors, making them electrified vehicles, but not all-electric.Read the entire article Report says Porsche is planning to convert all non-911 models into EVs
If you’re planning to buy a new Porsche unit powered by a diesel engine, better do it as soon as possible. This is because the German sports car maker has decided it has nothing to do with diesel engines anymore, no thanks to ever decreasing demand for such mills. Yes, Porsche won't be offering diesel-powered vehicles anymore.
Seemingly, gone were the days when diesel engines go toe-to-toe against gasoline mills for supremacy. Now, more and more carmakers are trying to shy away from diesel engines, but not because of gasoline powerplants. In the past few years, there has been a growing trend and increasing demand for electrified and all-electric products. On the other hand, the demand for diesel engines has been dropping.
Porsche’s decision to drop its diesel lineup could be traced back to the so-called Dieselgate scandal. This scandal involved the emissions of diesel engines employed by brands of the Volkswagen Group. This forced the group to re-focus its strategy and plan for a lineup laden with electrified – including all-electric – vehicles. Interestingly, Porsche is part of the VW Group.Read the entire article Porsche officially drops diesel engines from its lineup
The Porsche 918 Spyder is a very unique sports car, being a plug-in hybrid with a limited production run of just 918 units. After it was introduced in 2013, the 918 Spyder was sold out in more than just a year. Its production ended in June 2015, and there is no way an interested buyer can get a new 918 Spyder unless he or she goes for the used car market. Of course, any 918 Spyder on the used car market is expected to have already logged thousands of miles on the odometer.
But in a strike of luck, those who wanted to purchase an almost new Porsche 918 Spyder now have a great opportunity to get one in the used car market, through MotorGT.com and Porsche of South Shore in Freeport, New York. The 918 Spyder is much rarer in the United States, with less than 300 units allocated for this market.
This particular Porsche 918 Spyder (VIN WP0CA2A13FS800527) on sale is almost new, even though it was built as a 2015 model. On its odometer, this 918 Spyder has so far recorded just 45 miles (or 72 kilometers), which are essentially delivery miles. This means that the owner of this 918 Spyder might have not driven it or just took this sports car only for a quick spin after it was delivered. It is fairly difficult for any buyer to get an almost new used car in the market and yet, this 918 Spyder has just been driven for just 45 miles.Read the entire article Porsche 918 Spyder Weissach with 45 miles on odometer is for sale at $2.19 million
Gold is a precious valuable metal that has come to symbolize class and timelessness. The 993 generation of the Porsche 911 – produced from 1994 to 1998 – is as classy and timeless as gold itself. Now, Porsche Classic is introducing a new 993 creation that demonstrates its full range of restoration capability and expertise – the Project Gold.
Project Gold is basically a new show car derived from the body shell of an existing 993. Other than the shell, everything else is new. Its engine is new, and most of its parts and components – including the manual transmission and all-wheel drive system -- are sourced from Porsche Classic.
Choosing the 993 as the base was pretty easy for Porsche Classic. Considered as the last air-cooled Porsche 911, the 993 is considered most desirable and most collectible of the series because of its elegant combination of greater sporty beauty and great performance that is at par even with modern sports cars. It was the first 911 to be fitted with an aluminum multilink rear suspension and has a lower-slung front section than earlier models in the series. Likewise, its Turbo version was the first to be powered by a twin-turbo engine and the first to wear hollow-spoke aluminum wheels.Read the entire article Project Gold is a 993 show car with new genuine parts and components from Porsche Classic
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