1999 Porsche 911 Convertible With New Engine 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.

Watch the Safari 911 do its thing off road

American racing driver Leh Keen spends his working hours in the No. 22 Alex Job Racing WeatherTech Porsche 911 GT America campaigning in the United SportsCar Championship. From the looks of this video, he spends his free time off-roading in a Porsche of his own specification: a 1981 Porsche 911 SC modded into an homage to the rallying 911s of the 1970s. Privateers began rallying the 911 not long after it went on sale 50 years ago, winning European events and the European Rally Championship as soon as 1967. After some good showings in the early 70s the carmaker took a 1978 911 SC to the Safari Rally in Africa going for the overall victory, but an encounter with a rock meant the team could only claim second place. Keen's Guards Red coupe channels that ancestor with a lift kit from Elephant Racing and a light rack and mud flaps shipped over from Europe. The engine gets a little more power thanks to intake modifications, some SSI heat exchangers, and a Danske exhaust. To help keep it together on the trail, the bumpers get pulled in and use steel bash bars for protection, and the side mirrors are aero numbers tucked into the A-pillar angle. The interior has been entirely redone. Keen apparently said "he wanted a 911 he could 'go anywhere' with," and the video above shows him doing just that. You can read more about the car in this month's Porsche Club of America magazine, check out Fatlace for the short story and a few pictures, or head to photographer Clint Davis' site for an eyefull of high-res shots of the beast. Related Video: News Source: PCAHQ via YouTube Porsche Coupe Luxury Off-Road Vehicles Performance Videos rally leh keen

Volkswagen Group sales down 15% in pandemic year, but EV sales up 214%

FRANKFURT, Germany — German automaker Volkswagen said its global sales fell 15.2% during 2020 due to the COVID-19 pandemic but showed significant recovery toward the end of the year. The company more than tripled its sales of battery-only vehicles. Global sales for all of Volkswagen's brands amounted to 9.3 million vehicles. The fourth quarter showed a smaller decline of 5.7% and within that quarter the month of December was still further improved, showing a shortfall of only 3.2% from the same period the year before. Volkswagen said Wednesday that sales fell the most in Western Europe, by 21.6%, while China, the company's largest single market, was down 9.1% Sales of battery-only cars jumped 214% to 231,600 from 73,700 across all the company's brands. The company's electric sales leaders included the Volkswagen ID.3 compact, with 56,500, the Audi E-Tron SUV with 47,300, and the high-end Porsche Taycan with 20,000. Volkswagen said that its sales fell by less than the overall market, meaning it had slightly expanded its market share. “The COVID-19 pandemic made 2020 an extremely challenging year,” said group sales chief Christian Dahlheim. “The Volkswagen Group performed well in this environment and strengthened its market position." Volkswagen Group's brands include Volkswagen, Audi, Porsche, SEAT, and Skoda as sell as truck makers MAN and Scania.