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Porsche ready to pick itself up after Le Mans failure

It's safe to say that things for Porsche didn't go quite as well at Le Mans this year as it might have hoped. After a sixteen-year gap, the winningest manufacturer in endurance racing history returned to the Circuit de la Sarthe this year hoping maybe not for outright victory in its first time back, but definitely a strong finish on which it could build on for next year. All the while it undoubtedly hoped its 911s would hold their own in the GT classes.
Unfortunately for Porsche, neither happened. After racing around the clock, and despite actually leading the festivities for some time, the best its 919 Hybrid could manage was an eleventh-place finish, lagging lamentably behind not only the other LMP1s (like the race-winning Audi) but also a handful of LMP2s. Meanwhile the LMGTE Pro and LMGTE Am titles went to the factory-backed teams of its arch-rivals Ferrari and Aston Martin, respectively.
Not a stellar result, in other words, but Porsche is taking it all in stride - accepting that it has a ways to go while congratulating its vanquishing rivals in the video below. It's good sportsmanship if we've ever seen it. Next year's race starts now.

Man steals Porsche, brags on video, then crashes into wall

Here's your daily reminder that thieves are morons. This also serves as reminder that not everything you do needs to be committed to video. A man in Gloucester, a city in southwest England, was stupid enough to steal a Porsche Boxster and then take a video in it. Oh, and of course, he crashed it. Now, we'll give this dimwit, 25-year-old Jamie Lee Sharp, some credit – he didn't actually admit that he stole the car on video, at least based on the 45-second clip released by Gloucester police and hosted by The Guardian. According to the story, there was more footage, which included Sharp driving the car and phoning friends, before he crashed it into a wall. It's not clear if the crash was caught on video, though. Following the crash, Sharp's accomplice, 26-year-old James Honeywell, abandoned him at the scene of the wreck. Both thieves were arrested following the January incident, though, and were just recently sentenced by British authorities following guilty pleas. The crown awarded Sharp's actions with a four-year stay in one of Her Majesty's prisons for burglary, aggravated vehicle taking, driving while disqualified, drunk driving, and driving without insurance. Honeywell got 35 months burglary, aggravated vehicle taking, and failure to appear at court. His license was also suspended for nearly two and half years, too, The Guardian reports. Related Video: News Source: The GuardianImage Credit: Gloucester Constabulary Government/Legal Porsche Convertible Videos viral video crime

Winterkorn remains CEO of Volkswagen's majority shareholder

Martin Winterkorn may have stepped down as the chief executive of Volkswagen in the wake of the diesel emissions scandal, but he's not out from under the company's large umbrella just yet. In fact, according to a report from Reuters, he still holds four top-level positions not only within the industrial giant's bureaucracy, but at the top of it. And one of those is as CEO of the company's largest shareholder. That holding company is Porsche SE, the investment arm of the Piech and Porsche families (Ferdinand Porsche's descendants) which holds over 50 percent of VW's shares. In 2008, Porsche SE acquired majority interest in the Volkswagen Group which in turn acquired Porsche the automaker – and placed VW's Winterkorn at the head of the executive board of the holding company. Though Winterkorn has resigned from his position as chairman of VW's management board, he has apparently yet to step down from running Porsche SE. That's not the only job that Winterkorn still retains in VW's senior management. He also continues to serve as chairman of Audi, as well as truck manufacturer Scania, and the new Truck & Bus GmbH into which Scania has been grouped together with Man. It remains unclear if or when Winterkorn might resign from those positions as well, or how his tenure in those posts might affect the company's effort to start over in the aftermath of the scandal in which it is currently embroiled. Also unclear, Reuters reports, is how much, exactly, Winterkorn will receive in compensation after having stepped down from his chair at the head of the VW executive board. His pension is reported at over $30 million, but he could be awarded a large severance package as well amounting to as much as two years' worth of his annual compensation, which amounted to around $18 million last year. Whether he receives the severance pay or not is expected to depend on whether his resignation is considered by the supervisory board to have been the result of his own missteps or independent of the situation that resulted in his resignation. One way or another, he's not likely to go poor anytime soon.