Volkswagen

Hedge fund lawsuit against Porsche dismissal appealed

In late December, a US District Judge in New York dismissed the multi-billion dollar lawsuit filed by Black Diamond Offshore and Elliott Associates LP against Porsche for the investing impact felt by their failed attempt to buy up a massive chunk of Volkswagen and not surprisingly, that dismissal has been appealed by Black Diamond and Elliot on the behalf of their 39 plaintiffs.

Scuderi Air-Hybrid Engine technology setting up to challenge electric hybrids

Independent lab tests confirm the Scuderi™ Air-Hybrid Engine consumes up to 36 percent less fuel than a conventional engine. Beyond 2016 Federal Fuel Economy mandates, the gains will likely enable the technology to now challenge more expensive electric hybrids shown at the 2011 Detroit Auto Show.

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