News

A Million-Dollar Porsche 911 Speedster That Lost Six Figures Before Its First Oil Change

In the high-stakes world of Porsche restomods, depreciation is supposed to be something that happens to Cayennes, not carbon-fiber 911 Speedsters. But this Gunther Werks build just proved that even the bluest of blue-chip air-cooled exotica isn’t immune to gravity.

This particular Gunther Werks 911 Speedster—one of just 25 ever made—recently sold for $965,000. That sounds outrageous until you realize it had traded hands for $1.15 million only a few months earlier. That’s nearly $200,000 gone in under a fiscal quarter, which is about the same rate of value loss as a Bentley leaving the showroom.

Ouch.

The car left Gunther Werks’ Huntington Beach facility in October 2022, built to the firm’s obsessive standards and finished in a bespoke Gin Tree Green metallic. A year later, it landed at New York–based HK Motorcars, who apparently saw it less as a toy and more as a rolling financial instrument. That gamble didn’t quite pay off.

The dealer tossed it onto Bring a Trailer, where bidding topped out at $905,000—well shy of their reserve. Soon after, a private deal closed at $965,000, locking in a $185,000 loss for the seller. Whether that means the dealer overpaid or the new buyer scored a bargain is something the next resale will reveal. But either way, it’s a reminder that even seven-figure Porsches don’t always go up.

Fortunately, if you’re going to lose six figures on a car, it might as well be one that looks like this.

Gunther Werks doesn’t restore 911s so much as re-engineer them. Each Speedster begins as a donor 993 that’s stripped to its steel skeleton before being reborn with a full carbon-fiber body. Every panel is lighter, stiffer, and shaped with modern aerodynamic intent, even if the silhouette still screams late-’90s Stuttgart.

This one’s custom green paint is offset by matte green stripes and yellow Porsche script, a subtle nod to motorsport heritage wrapped in boutique-level craftsmanship. It’s less “classic 911” and more “what Porsche would build if it ignored accounting.”

Underneath the carbon lies a 4.0-liter air-cooled flat-six that’s about as far from stock as a Mezger can get. With Mahle pistons, forged rods, and a billet crankshaft, it produces 430 horsepower and 330 pound-feet of torque—numbers that would’ve sounded absurd in a 1990s 911 but now feel perfectly at home in a carbon-skinned Speedster.

Power goes through a six-speed manual, because of course it does, and the chassis is handled by adaptive coilovers with Brembo brakes big enough to stop a small aircraft. Six-piston calipers up front, four in the rear, and more grip than a tax audit.

Inside, the same no-expense-spared philosophy continues. Gunther Werks cabins are more private jet than vintage Porsche, blending bespoke materials with modern hardware while still preserving the basic 911 layout.

So yes, someone lost nearly $200,000 on this Speedster in record time. But the person who bought it for $965,000 may have just landed one of the most exquisite air-cooled Porsches ever built for what passes as a bargain in this rarefied world.

In the restomod market, timing is everything. And sometimes, even a million-dollar Porsche has a bad day on Wall Street.

Source: Bring a Trailer

News

Toyota’s Mystery Three-Row EV Is Almost Here

Toyota’s slow-burn teaser campaign just took a sharp turn toward the real world. The company has finally dropped its first official photo and video of its upcoming SUV—and confirmed that the full reveal lands February 10. After months of speculation, patent sleuthing, and corporate breadcrumbs, we now have something resembling a shape. And that shape is unmistakably large.

Everything we’re seeing points to a three-row electric SUV, a long-promised piece of Toyota’s EV puzzle that now appears to be ready for primetime. The interior shots give the game away: a second row with captain’s chairs suggests either a six- or seven-seat layout, and the sheer amount of glass—thanks to a panoramic sunroof—makes this thing feel more family road-trip than futuristic pod.

Toyota’s designers haven’t been asleep at the wheel, either. A full digital gauge cluster sits ahead of the driver, while a big tablet-style infotainment screen dominates the center stack. USB ports tucked into the bases of the C-pillars hint at a vehicle that expects rear-seat passengers to be as plugged in as the powertrain. In other words, this is a modern, tech-forward hauler designed for people who actually use the third row.

But the real story is what this SUV is, not just what it looks like.

Back in 2021, Toyota showed off the bZ Large SUV concept—then called the bZ5X—a three-row EV that was supposed to be part of a massive 15-vehicle electric blitz. Since then, Toyota has quietly stepped back from the awkward “bZ” branding while reshuffling its EV strategy, but one thing has remained consistent: a big, U.S.-built, three-row electric SUV was always coming.

And this sure looks like it.

Patent images we uncovered earlier, especially of the concept’s rear end, line up eerily well with what Toyota just teased. The proportions, the body creases, and that wide rear light bar all match. Even the window shape—with its distinctive triangular base at the front—lines up with the filings. If this isn’t the production version of the bZ Large SUV, then Toyota has pulled off one of the most convincing misdirects in recent memory.

What Toyota hasn’t told us yet is the name—and that’s where things get spicy.

While industry insiders have been calling this thing the bZ5X for years, Toyota’s growing discomfort with the “bZ” label suggests something more familiar might be in the works. Enter Highlander.

Toyota already builds a wildly successful three-row crossover in the Grand Highlander, which absolutely crushed its shorter sibling last year. The standard Highlander’s sales fell more than 37 percent to just over 56,000 units, while the Grand Highlander surged nearly 91 percent to almost 137,000. That kind of split practically begs for a rethink—and electrifying the regular Highlander would be one way to do it.

An electric Highlander—or even something like a “bZ Highlander”—would make a lot of sense. Ford proved with the Mustang Mach-E that familiar nameplates can smooth the transition to electric, even when the vehicle underneath is something entirely new. Customers trust the Highlander name, and Toyota would be wise to lean on that goodwill as it tries to get conservative buyers comfortable with plugging in.

We already know this SUV will be built in Kentucky with batteries sourced from Toyota’s North Carolina facility, and production is expected to begin in the first half of 2026. The reveal next week in California should finally lock in the name, the specs, and just how serious Toyota is about re-entering the EV race it once helped invent—and then strangely abandoned.

So call it the bZ5X, the Grand Crown, or the Electric Highlander. What matters is that Toyota’s long-teased three-row EV is real, it’s coming, and it’s about to become one of the most important vehicles the company has launched in a decade.

And in a market where big electric family haulers are still thin on the ground, Toyota just showed up to the fight with something that actually looks ready to sell.

Source: Toyota

News

Porsche to Close Nearly a Third of Its China Showrooms Amid Steep Sales Drop

For years, China was Porsche’s turbocharger. It took the brand’s already bulletproof balance sheet and spooled it up with relentless growth, seemingly immune to global slowdowns or shifting buyer tastes. Now, that same market is acting more like a blown head gasket.

Porsche is preparing to shut down roughly 30 percent of its Chinese dealerships, a dramatic retreat that underscores just how badly things have turned. By 2026, the brand plans to operate only about 80 showrooms in China—down from 114 by the end of 2025 and roughly 150 just a year earlier. That’s not a trim. That’s a hard reset.

Officially, Porsche China CEO Pan Liqi says the move is about cost control. But the timing tells a harsher story. Late in 2025, multiple Porsche stores reportedly closed outright, some leaving behind half-finished deals, missing paperwork, and customers chasing refunds after franchise operators simply disappeared. In the ultra-polished world of Porsche retail, that kind of disorder is a flashing warning light on the dash.

The Sales Collapse Behind the Curtain

The numbers explain the urgency. Porsche delivered 41,938 vehicles in China in 2025, a 26 percent drop from the year before. That alone would be painful. But zoom out a little more and it gets ugly: in 2022, Porsche sold nearly 96,000 cars in China. In just three years, the brand has lost more than half its volume.

That collapse is dragging down the entire company. Global Porsche deliveries fell 10 percent in 2025, to 279,449 vehicles, with declines in every region except North America, which merely held steady. China isn’t just underperforming—it’s the anchor tied to Porsche’s bumper.

And while macroeconomic factors matter, Porsche’s product mix isn’t helping. Electric vehicles, once supposed to be the brand’s next growth engine, are getting absolutely steamrolled by domestic Chinese rivals.

Taycan Meets Its Match

The Taycan, Porsche’s technological flag bearer, is bleeding. Sales fell another 22 percent in 2025, following a steep drop the year before. Local competitors like Xiaomi are offering flashy, high-tech electric sedans at far lower prices, and Chinese buyers—long loyal to European prestige—are no longer automatically paying extra for a Stuttgart badge.

The result? Porsche is quietly backing away from its all-in EV posture in China. In the near term, the company is shifting focus back toward internal-combustion engines and hybrids, where its brand cachet and engineering reputation still carry more weight.

A Retreat That Looks Like Repositioning

The money saved from all those shuttered showrooms won’t just pad the balance sheet. Porsche says it will funnel the cash into research and development, including a new integrated R&D center in Shanghai designed to tailor future products more closely to Chinese tastes.

Two new crossovers—both offered with gasoline and plug-in hybrid powertrains—are slated to debut later this year. That suggests Porsche has realized what many Western automakers are learning the hard way: Chinese buyers don’t just want electrification. They want choice, and they want it wrapped in cutting-edge software and design.

But even with new models on the way, expectations are being reset. Porsche has said that in 2026 it will prioritize “quality over quantity” in China—a corporate way of admitting that another weak year is likely.

From Growth Engine to Reality Check

China didn’t just make Porsche bigger. It made the company believe that demand for premium German performance was effectively unlimited. That illusion is now gone.

What remains is a brutally competitive, tech-driven market where local brands are fast, smart, and cheap—and where prestige alone no longer guarantees sales. Porsche is still Porsche, but in China, the road ahead is no longer a high-speed autobahn. It’s a tight, crowded street, and the brand is finally being forced to slow down and pick its line carefully.

For a company built on momentum, that may be the hardest shift of all.

Source: Car News China

Cars and catalogues