Cars
Don’t worry, Porsche is not attacking Ferrari or Lamborghini. An "Italian torpedo" is lawyer slang for when someone files a lawsuit in a certain court while the other party does the same in a different country. Italian courts can take years to decide on jurisdiction, so the case stalls; hence the term.
- Porsche Stock Manipulation Probe Extended To All Board Members, Including Ferdinand Piech
The year may have started fabulously for Porsche, as global sales in January were up by 25.5 percent to 12,061 deliveries compared to the same month in 2011 (9,613 units), but it now faces new trouble concerning its 2008 failed attempt to acquire VW....
- Tesla Fails Again In Its Libel Suit Against Top Gear For Roadster Test
Back in December of 2008, Top Gear tested the Tesla Roadster. The Elise-based electric sports car was panned on almost every respect, from its abysmal range and overheating engine to the failed brakes. Last March, Tesla filed a libel suit against BBC’s...
- Investors Sue Porsche For $2.6 Billion Over Unsuccessful Vw Takeover
The automotive world was taken by surprise on October 17, 2007, when Porsche CEO Wendelin Wiedeking announced in an interview on the Sunday Times that the Stuttgart sports carmaker was ready to take over VW. Wiedeking expected the so-called “Volkswagen...
- Toyota To Face Three Sudden-acceleration Related Trials In 2013
Toyota's sudden-acceleration woes are far from over as the company will have to face three trials in federal court in Santa Ana, California. The first case is the one concerning the death of two people in Utah, which was dismissed 10 days ago due...
- Everybody Join In! More Hedge Funds Join Anti-porsche Lawsuit
In a continuation of the Porsche-Volkswagen takeover/stock controversy, 18 hedge funds added their names to a list of people taking Porsche to court in a $2 Billion lawsuit here in the States. Porsche, Wendelin Wiedeking (former CEO), and Holger Härter...
Cars
Porsche Fires “Italian Torpedo†Over Failed VW Takeover, Former Execs Charged
Don’t worry, Porsche is not attacking Ferrari or Lamborghini. An "Italian torpedo" is lawyer slang for when someone files a lawsuit in a certain court while the other party does the same in a different country. Italian courts can take years to decide on jurisdiction, so the case stalls; hence the term.
That’s exactly what Porsche has done, filing a lawsuit against the Pendragon fund in the Regional Court of Stuttgart 11 days before Pendragon filed its own lawsuit against the company in London.
Read more »- Porsche Stock Manipulation Probe Extended To All Board Members, Including Ferdinand Piech
The year may have started fabulously for Porsche, as global sales in January were up by 25.5 percent to 12,061 deliveries compared to the same month in 2011 (9,613 units), but it now faces new trouble concerning its 2008 failed attempt to acquire VW....
- Tesla Fails Again In Its Libel Suit Against Top Gear For Roadster Test
Back in December of 2008, Top Gear tested the Tesla Roadster. The Elise-based electric sports car was panned on almost every respect, from its abysmal range and overheating engine to the failed brakes. Last March, Tesla filed a libel suit against BBC’s...
- Investors Sue Porsche For $2.6 Billion Over Unsuccessful Vw Takeover
The automotive world was taken by surprise on October 17, 2007, when Porsche CEO Wendelin Wiedeking announced in an interview on the Sunday Times that the Stuttgart sports carmaker was ready to take over VW. Wiedeking expected the so-called “Volkswagen...
- Toyota To Face Three Sudden-acceleration Related Trials In 2013
Toyota's sudden-acceleration woes are far from over as the company will have to face three trials in federal court in Santa Ana, California. The first case is the one concerning the death of two people in Utah, which was dismissed 10 days ago due...
- Everybody Join In! More Hedge Funds Join Anti-porsche Lawsuit
In a continuation of the Porsche-Volkswagen takeover/stock controversy, 18 hedge funds added their names to a list of people taking Porsche to court in a $2 Billion lawsuit here in the States. Porsche, Wendelin Wiedeking (former CEO), and Holger Härter...