1978 Porsche Targa Convertible Sport Coupe 911sc ** Estate Sale ** on 2040-cars

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Former Porsche execs acquitted of stock manipulation charges

A German court acquitted former Porsche CEO Wendelin Wiedeking and former CFO Holger Harter of stock manipulation charges, according to Bloomberg. Prosecutors alleged the men hid plans to takeover Volkswagen while publicly denying their intentions to investors. The presiding judge didn't find any merit to those claims, though. "There is nothing to the allegations, absolutely nothing," Judge Frank Maurer said, according to Bloomberg. "There was no secret plan to take over VW." Rather than Porsche taking over VW, the exact opposite eventually happened, and both execs stepped down. Investigators first indicted Wiedeking and Harter for alleged stock manipulation in late 2012. A court in Stuttgart dismissed the case in 2014 because of a lack of evidence, but an appeals court later overruled that decision. The current trial finally began in October 2015. If convicted, Wiedeking faced up to 30 months in prison, and Harter could have received up to 27 months, Bloomberg reported. Prosecutors also wanted one million euro ($1.1 million) fines from them and 807 million euros ($910 million) from Porsche. The acquittal might not be the end of this long-running case, though. In Germany, prosecutors have the right to appeal a ruling, and the lawyer hasn't made a final decision yet. If the court thinks there's a reason, the former execs could be back in front of a judge at some point in the future.

Mercedes-AMG GT vs. Porsche 911 [w/poll]

Mercedes-Benz designed the AMG GT to compete head-on with the Porsche 911. It's a clear, singular purpose, and Benz brings a lot of money, technology and race-bred expertise to the fight.
The AMG GT is Merc's followup to the awesome SLS AMG, the retro-modern, gullwing-doored coupe that took us by storm half a decade ago. But this new GT coupe is a more focused sports car than the SLS, rather than an all out supercar capable of extreme performance. It's got a brand-new V8 engine, and state-of-the-art technology that help it to not only be a proper Mercedes, but to be a serious performer.
Mercedes will sell its new baby in two models. The GT S arrives first, in spring 2015, followed by the standard GT in mid-2016. Of course, there's room to grow from there. And while Porsche may have already expanded its 911 range to include a vast variety of models, here's how Stuttgart's icon stacks up against Affalterbach's bad boy.

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.