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Former Porsche execs charged with stock manipulation in Germany

The ongoing indictment of top Porsche executives for alleged stock manipulation during the attempted takeover of Volkswagen has taken years to reach an actual decision, but a trial date has finally been set for October 22. In addition to former CEO Wendelin Wiedeking (pictured above) and ex-CFO Holger Haerter, prosecutors have also added Anton Hunger, who was communications boss at the time, to the list of those charged, according to Reuters. The men purportedly made false statements to investors about plans to acquire 75 percent of VW stock. The prosecutor also dropped charges against Ferdinand Piech and Wolfgang Porsche in the same case, Reuters reports. The two Porsche family members were on the company's board at the time, but investigators found that they had no role in making the false statements. If found guilty, the former Porsche execs could face up to five years in prison. As expected, lawyers for Wiedeking and Haerter have repeatedly denied any wrongdoing by their clients. The investigation into Porsche SE's actions during the failed VW takeover go back to at least 2009 when the firm's offices were raided. Wiedeking and Haerter were eventually indicted in 2012. A Stuttgart court initially dismissed the case for lack of evidence, but in 2014 that decision was reversed on appeal. At the same time, investors have brought multiple civil lawsuits against the company, but none of those cases have been successful.

The holidays are coming and this Singer Designs book is great

None of us should expect to get one of Singer's beautifully reimagined Porsche 911s for the holidays, but a new book titled One More than 10: Singer and the Porsche 911 at least lets you give, or receive, some sensational photos of them. The 275-page book tells the story of Singer founder Rob Dickinson and what inspires him to put so much effort into making 911s even better. The opinions of auto writers and industry personalities accompany Dickinson's tale, but the lavish photography is the true highlight. Based on the preview photos in the gallery above, the shots perfectly capture the company's machines from all the best angles. Former Autoblogger Michael Harley co-authors the book. There might still be time to order the $85 book for a friend (or yourself) in time for the holidays because the publisher guarantees delivery by Christmas for the first 200 of them. Dickinson will also sign copies at the Petersen Museum's re-opening preview day on Dec. 6. The publisher will also offer 100 copies of a limited edition for a hefty $911. These will come in a custom display case from Singer's craftspeople, and they'll include exclusive artwork. SINGER VEHICLE DESIGN EXCLUSIVITY MAY NOW BE MORE ATTAINABLE AS POINT OF ENTRY BEGINS WITH BACKGROUND STORY "One More than 10: Singer and the Porsche 911" New Book – Perfect Holiday Gift for Porsche 911 Fans PR Newswire, LOS ANGELES – November 10, 2015 As the world continues to take notice of a little restoration shop in Southern California that has provided a re-birth of sorts to old and tired Porsche 964s, many have come to believe the ability to enter the inner circle of Singer Vehicle Design was well beyond reach. However, as the holiday season draws upon us, there's one pathway to ownership within a less limited perspective that enthusiasts just may find easier on their pocket-book too – that being the release of the background story of the impeccable craftsmanship within Rob Dickinson's "re"imagination of Porsche 911s and the launch of his book "One More Than 10: Singer and the Porsche 911" currently available at www.singervehicledesign.com on a pre-order basis, as well as through publishing house Stance & Speed at http://www.stanceandspeed.com/automotive-books/one-more-than-10-singer-and-the-porsche-911.

Porsche 918 Spyder gets tiny recall for rear control arms

As the recent US recall of a single Koenigsegg Agera shows, even low-production supercars aren't immune from safety campaigns. Now, there's another example that even the fastest cars can have their faults. The Porsche 918 Spyder is a pretty fantastic vehicle for its ability to mix hybrid fuel economy and incredible amounts of power, but Porsche has a problem on a few units of its halo model.
According to the recall document from the National Highway Traffic Safety Administration, Porsche needs to inspect and possibly repair five 918s in the US because the rear axle control arms may break, which could cause a loss of control while driving. In the full defect notice, Porsche says that it first noticed the problem on June 26 when the parts failed during "heavy duty durability testing (extreme race conditions)" at the Nardo test track in Italy. It transported the components back to the company's lab for inspection, and on July 18 it issued a stop-sale to inspect the suspension parts on the supercar. The automaker also contacted owners by phone to warn them not to use the car on track, until repaired.
The affected 918s will be inspected, and if the cars have the bad parts, the control arms are will be replaced. Obviously, this will be done at no cost to owners. According to a Porsche spokesperson speaking to Autoblog, in addition to the five US cars potentially affected, there were 45 worldwide. All of the cars have now been checked. Scroll down to read the report from the regulator or download the full defect notice as a PDF, here.