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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's latest Driver's Selection keeps enthusiasts happy at home

Porsche fans - and there are certainly plenty of them out there, even in here on the Autoblog editorial staff - can be pretty emphatic about their enthusiasm, insisting that the 911 is the very definition of the sportscar. And for some, merely admiring one from afar or even leaving theirs parked outside isn't enough. For just such enthusiats, Porsche Design has expanded its Driver's Selection with some tantalizing additions for the home and office.
First up is a desk chair made from the bucket seat in a 911 Carrera, which we have to admit we'd rather be sitting in right now over this blasted, rather unexciting ergonomic office chair. It's covered in black leather (the same you'd find inside an actual 911) embossed with the Porsche emblem and features electronic backrest adjustment.
There's also a wall shelf made from the carbon-fiber rear spoiler a 911 GT3 Cup racecar that can support up to 264 pounds of downforce in the form of books, trinkets and whathaveyou. And there's a limited-edition resin model of the 918 Spyder in 1:8 scale. The items haven't hit the Porsche shop just yet, so we don't have pricing information, but if they tickle your fancy, the online store has plenty more to offer.

Porsche Mission E Concept puts Tesla Model S in its sights [w/video] [UPDATE]

UPDATE: The Mission E might not top the Tesla in driving distance after all. The Porsche's nearly 311-mile range is on the European testing cycle, but the original story compares it to Teslas on the US evaluation. According to Tesla, a Model S 85D is rated at the equivalent of 328 miles in Europe, and the P85D is at 305 miles. The new 90 kWh battery can add an additional six percent to those figures. Porsche might not be saying it directly, but anyone taking even a quick glance can see the Germans are taking aim at Tesla with the freshly unveiled Mission E concept at the Frankfurt Motor Show. With over 590 horsepower, this electric sedan doesn't have quite as much electric grunt as a Model S, but the claimed 310.7 miles of range would outdo even the latest take on Elon Musk's four-door with a 90 kWh battery. For those keeping track, a Ludicrous Speed-equipped Tesla might still be the ultimate victor in a drag race because the E's sprint to 62 takes "under 3.5 seconds." To power the Mission E, Porsche's engineers use two permanent magnet synchronous motors, and they are similar to what's found on the company's 919 Hybrid LMP1 racecar. In a single unit, the devices can both accelerate and recover braking energy. All-wheel drive with torque vectoring and four-wheel steering help the electric sedan lap the Nordschleife in less than eight minutes, the company claims. Capable of hitting 124 mph in less than 12 seconds, the Mission E is undoubtedly quick, but its speed in charging is especially impressive too. The concept utilizes an 800-volt system that Porsche claims can charge the sedan to 80 percent in just 15 minutes, assuming you can find a source for that much energy. That would be enough to offer about 249 miles of range in less time than getting a cup of coffee at a busy Starbucks. The E could also use a traditional 400-volt charger or power up inductively. The Mission E's design looks like a futuristic Panamera as filtered through the style of the 918 and a next-gen Star Wars Stormtrooper helmet. In an especially cool touch, the charging port is hidden in a movable panel ahead of the driver's door on the front fender. Also, like like lots of four-door concepts in recent memory, the design sports suicide doors with no B-pillars. To keep weight to a minimum, the body mixes aluminum, steel, and carbon-fiber reinforced polymer. Also present are carbon-fiber wheels.