2009 Intermeccanica 356 Speedster on 2040-cars

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Former Porsche CEO Wiedeking indicted over VW takeover bid

Do you recall the failed efforts by Porsche to take over Volkswagen? According to a Bloomberg report, former Porsche CEO Wendelin Wiedeking (above) and ex-CFO Holger Haerter have finally been charged with market manipulation over the exercising of options as part of the German sportscar manufacturer's ill-fated attempt to take over the much larger VW. That failed bid eventually resulted in the reverse coming true - VW swallowing Porsche.
The charges leveled by Stuttgart prosecutors come after a three-year investigation centered around allegations that Porsche execs made a concerted effort to increase the company's share in VW to 75 percent in preparation for a hostile takeover. Porsche had previously told its investors on at least five occasions that it had no intention to buy VW.
Portions of the investigation have subsided, according to prosecutors, citing an inability to prove certain improprieties with a "necessary degree of certainty." The number of charges is down to 5 from a previous 14 counts regarding "information-based market manipulation."

Porsche recalling 4,400 911, Boxster and Cayman models over hood latches

Porsche has issued a "precautionary" and voluntary safety recall affecting some 4,400 sports cars across the globe. Here in the United States, the recall includes 1,382 911, Boxster convertibles and Cayman coupes, all of which are from model years 2014 and 2015.
Porsche will be replacing the lock bracket for the front cargo area (the frunk) after internal testing revealed that, while the vehicles meet "strength requirements," specific parts might not meet the company's quality standards throughout the vehicle's life. There have been no reports of accidents or injuries.
Owners of the affected cars will be notified within 60 days and will need to report to a nearby dealer for a free repair, which should take about 30 minutes.

Ruf Turbo Florio is the Turbo Targa Porsche won't sell you

Porsche offers a staggering array of 911 variants. You can get the Carrera, Carrera S, Carrera GTS, Carrera 4, Carrera 4S, Carrera 4 GTS and Turbo and Turbo S (to say nothing of the GT3 and new GT3 RS). And with few exceptions, you can get each as a coupe, cabrio or Targa. Except you can't get a Turbo Targa. The partial-convertible model tops out at the GTS. But if the one thing you really wanted was a Targa with a turbo engine, the folks over at Ruf will be glad to hook you up with the tuned version you see here. It's called the Ruf Turbo Florio, taking the latter part of its handle from the second part of the Sicilian road race where Porsche got the name for its lift-top in the first place. But Ruf's take doesn't just match the factory Turbo's output – it far exceeds it: with 621 horsepower and 608 pound-feet of torque on tap, it'll put even the 911 Turbo S (on Sport Plus overboost, no less) to shame. Plus you can get it with a six-speed manual or seven-speed DCT, driving all four wheels like the factory Turbo or just the rear set like the GT2 that Porsche doesn't even make any more. It'll top out at 205 miles per hour, and all the while with the wind in your hair – but not too much of it. Related Video: