What does GTS stand for?
The First GTS was the 904 Carrera GTS. Built for GT races. In 64 Porsche won the Targa Florin. That it s only victory in GT Cclass. At Le Mans the Ferrari GT Modells have been faster.
Depends on the model. For the 997 GTS it stands for "Gets The Spares" as in all the parts left in the bin before re-tooling for the 991! 
(Yeah, yeah, I know that Porsche builds on an "as needed basis" so theoretically there are very few spares - but there aren't a ton of 997 GTS' floating around either.)

(Yeah, yeah, I know that Porsche builds on an "as needed basis" so theoretically there are very few spares - but there aren't a ton of 997 GTS' floating around either.)
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http://www.panamrace.com/
u can see where Porsche names (Carrera & Panamera) are inspired from..
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