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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 caught testing sub-Panamera-sized sedan

Anyone remember the Porsche Pajun? It was supposed to be Porsche's long-rumored entry level sedan before it mostly dropped off the radar. Now, it might have blipped its way back onto our screens, thanks to a series of spy shots showing what on the surface looks like a Panamera. While our spies point to this being a coupe mule riding on a shortened version of the Panamera's platform, we're leaning towards a smaller sedan. Even with the rear windows obscured, the wheelbase and driver's seating position (which we'll admit is remarkably low and coupe-like) seem wrong for a two-door model, even a disguised one. The cutlines in the rear doors look too deep to be camouflage, and based on the look of those door handles, the rear doors are definitely real. As for what's not real, we wouldn't read too much into those rivet-like things at the front and rear. They're just there to secure the camouflage. We might not be on the same page as our spies about what this car actually is, but they make a strong argument for its eventual styling, which should be a mix of 911 and Panamera. There's a slim strip of taillight hiding beneath the rear camo – you'll need to zoom way in, but the white housings are there – that reminds us of the new 911. It should be more Panamera in the front fascia, aside from the headlights, which might be the only styling element that draws inspiration from the 718. Based on the state of this car, we're thinking it's still quite early in the Pajun's development process. Whether the development timeline lines up with this 2019 prediction remains to be seen. Related Video: Featured Gallery Porsche Pajun: Spy Shots View 10 Photos Image Credit: CarPix Spy Photos Porsche Luxury Performance Sedan porsche pajun

Modded budget Mazda Miata takes on new Porsche Boxster in more challenges

Earlier this month, our friends across the pond at Auto Express released the first in a two-video series that would see them try and build up a second-generation Mazda MX-5 Miata that could best a standard Porsche Boxster around the track. While that first video detailed the mods to the MX-5 - a supercharger, some suspension upgrades and a new set of super-sticky rubber being chief among them - and set baseline lap times for the stock car, today, we have the results of the 5,000-pound ($8,200) upgrade job.
Of course, we aren't going to spoil those for you. You'll need to watch the full video, which recaps the upgrades before digging into a comparison of both straight-line-speed differences between the 2.7-liter Porsche Boxster and blown Miata, as well as their behavior and lap times on the track.
Take a look and let us know what you think in Comments.