Ex-racer loses suit on Porsche ownership

A former race car driver has lost his appeal to force the return of his Porsche, which is on display at an Indiana museum.

An appeals court in Chicago upheld the lower court’s decision not to give the Porsche 935 K3 back to ex-racer Reginald Whittington, the Associated Press reports. Whittington listed the car’s value as more than $75,000.

Whittington filed the case in 2004, claiming that the car was a loan – not a gift as the museum argued – for the Indianapolis Motor Speedway Hall of Fame Museum.

The court said no record of transfer exists, as the transaction was validated by a “handshake deal.” Without clear records, the 7th U.S. Circuit Court of Appeals decided that Whittington’s behavior after the transaction “was more consistent with the car being a gift rather than a loan.”

The five-time Indianapolis 500 and 10-time NASCAR drove the Kremer Racing Porsche 953 K3 in an endurance race in France, which he won with his brother in 1979.