NEW YORK (Bloomberg) — Two more funds are among 18 short sellers of Volkswagen AG stock that joined a fraud lawsuit against Porsche Automobil Holding SE.

The funds of David Einhorn’s Greenlight Capital Inc. and Julian Robertson’s Tiger Management LLC were added as plaintiffs in an amended complaint filed in federal court in New York. The 18 new plaintiff funds bring the total to 35. They accuse Stuttgart, Germany-based Porsche of secretly cornering the market in Volkswagen shares and later causing them more than $2 billion in losses.

The short sellers claim that Porsche misled investors by denying through much of 2008 that it intended to acquire Volkswagen and by using manipulative trades to hide its stock positions. Porsche said on Oct. 26, 2008, that it controlled most of Volkswagen’s common stock, causing the shares to surge as short sellers raced to cover their positions. Continue reading Porsche short sellers’ lawsuit is joined by 18 funds

For some reason, Porsche tuner TechArt has decided to release an exclusive aerokit for the recently introduced Cayenne Diesel that’s powered by an Audi-derived, 240-horsepower 3.0-liter V6 TDI. Though less extreme than the firm’s other tuning packages, the accessorized Cayenne Diesel definitely stands out. TechaArt’s aero kit includes a front spoiler with additional lights, side skirts, roof spoiler, a rear apron with an integrated diffuser and headlight / tail light trims. All components are made from high quality polyurethane RIM.

The package is complemented by a set of 21-inch alloy wheels shod in 295/35 Continental tires, but buyers can also opt for 22-inch alloys. If your pocket can handle it, TechArt also offers a variety of upgrades for the interior including a new steering wheel, alloy pedals and a full leather treatment.

source:carscoop

Porsche’s controversially styled Panamera sports sedan continues to be revealed with a new batch of official pictures that give us our first look of the car’s interior while the German automaker also released pricing and performance figures for the naturally aspirated and turbocharged V8 versions. The first thing that captured our attention in the Panamera’s cabin is of course the upper and lower part of the centre console which is adorned with myriad of buttons. Its styling seems conspicuously similar to a Vertu cell phone.

2010 Porsche Panamera The four-door gran-turismo’s interior can accommodate up to four passengers, each of which get individual sports seats. Buyers can choose from a total of 13 color and material combinations including four bi-colour options teaming up wherever required with seven optional interior trim finish styles including exclusive materials such as Carbon and Olive Nature open-pore wood

Continue reading Porsche Panamera Interior Plus Performance Specs and Pricing