2012 911 4 Gts Pdk All Wheel Drive,sport Chrono,carbon Pkg.1.49% Financing 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 and Buick earn top honors in J.D. Power Sales Satisfaction Index Study

Customer satisfaction with car buying has been at a low point over the past few years, as price increases, inventory shortages, and COVID restrictions have complicated every part of the process. There are signs of improvement, however, as J.D. Power’s 2023 U.S. Sales Satisfaction Index Study showed that customer satisfaction has improved slightly from a year ago. J.D. Power rates satisfaction on a 1,000-point scale, finding that it improved seven points to 793 from last year. Improving inventory levels and a slow leveling off of prices have contributed to that improvement, and fewer people are paying above MSRP for new cars. Some auto brands performed better than others with sales satisfaction. Porsche ranked highest among premium brands, followed by Alfa Romeo. Buick took the top spot among mass-market brands, with GMC, Chevrolet, and Mitsubishi behind. J.D. Power also handed out segment-level awards: Premium Cars: Porsche Premium SUV: Porsche Mass-Market Car: Chevrolet Mass-Market SUV/Minivan: GMC Mass-Market Truck: GMC Despite the increase in sales satisfaction, thereÂ’s still room for improvement to reach pre-pandemic levels. J.D. Power noted gaps in salesperson knowledge as an area of improvement. Buyers rated salespeople much better during a gas vehicle purchase than with EVs, citing their expertise as a challenge. Pricing remains a challenge despite an improvement since 2022, and satisfaction is still below pre-pandemic levels. Mass-market buyers reported a slight bump in satisfaction, while premium buyers felt that pricing was less fair than a year before. ItÂ’s an interesting contrast, showing that dealer pricing tactics can significantly impact satisfaction with the sales process. Fewer people may be paying more than MSRP, but several premium models still list with significant markups. Even more interesting is PorscheÂ’s top spot on the satisfaction list, as its cars often sell with huge upcharges, and itÂ’s exceedingly tricky even to get a build allocation for some models. Buick Chevrolet GMC Porsche Car Buying Ownership

Porsche purists, look away: This 911 is powered by Hyundai

Bisimoto appears to be putting together a Hyundai V6-powered Porsche 911. While the experiment reminds us of a project from earlier this year, in which Ryan Tuerck dropped a Ferrari V8 into Toyota GT86, this one's a bit different. Bisimoto has a history of creating some truly insane automobiles, usually with Veyron-menacing power levels. In fact, the tuning company built multiple 1,000 horsepower machines, including a 1976 Porsche 911 and a 2013 Hyundai Genesis Coupe, not to mention a few other Hyundais with oodles of power. So it seems Bisimoto has decided to combine the company's experience with both marque's into one machine with this 1977 Porsche 911. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The company revealed the intended engine for the car today, next to the disassembled tail end of the 911. No specific details about the engine were given, but a "hyundaiusa" tag, some helpful hints from Instagram commenters and some diligent Google image searching by Autoblog staff members seem to show that this is a Hyundai Lambda series V6. It also appears to be a version from a car with a transverse layout, which would make it easier to fit in the 911's traditional engine location. What we do know is that the build will be completed in time for the SEMA show, and we look forward to seeing the finished Franken-Porsche. The same probably can't be said for Porsche purists though. Related Video: News Source: Bisimoto EngineeringImage Credit: Bisimoto Engineering Auto News SEMA Show Hyundai Porsche tuning engine swap bisimoto