1994 Porsche 968 Base Convertible 2-door 3.0l Lt1 V8 Corvette Engine Cool Hotrod on 2040-cars

Auto blog

Porsche Goes After Tesla, VW Group Night | Autoblog Minute

Volkswagen Group Night kicks off the 2015 Frankfurt Motor Show with big news from Porsche and Mercedes.

Porsche 911 Carrera gets turbocharged engine for under $90k

There's a new Porsche 911 Carrera blowing into dealerships in March of 2016, and it will be the first such model from the German automaker to boast a turbocharged engine. Making 370 horsepower and 331 pound-feet of torque from 3.0 liters of displacement, the new flat-six engine in the base Carrera is 20-hp stronger than it was in 2015. Carrera S models bump the power level to 420 ponies and 368 lb-ft thanks to tweaked tuning parameters. The added grunt makes these the fastest 911 Carrera models ever, with Porsche touting a 7:30 lap – a full 10 seconds faster than before – of the famed Nurburgring track in Germany as proof. Those who only care about going fast in a straight line will be delighted by the 4.0-second 0-60 time of the base Carrera and even more impressed by the S model's 3.7-second run. Top speeds are 183 and 191 miles per hour, respectively. A seven-speed manual transmission is standard, and Porsche's Doppelkupplung (PDK) automated manual gearbox is optional. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. When equipped with the Sport Chrono Package, the 911 Carrera features a new mode switch on the steering wheel with settings for Normal, Sport, Sport Plus, and Individual. Porsche Active Suspension Management is standard on all models, and, in another first for a Carrera, rear-wheel steering is optional. Efficiency hasn't been forgotten for 2016, either. Porsche says its new 911 Carrera models will be as much as 12-percent more fuel economy with their new turbocharged engines. Tech buffs will surely appreciate the new Porsche Communication Management infotainment system, which features multi-touch gesture capability and handwriting recognition right on the seven-inch display. Apple CarPlay is also supported, and Google Earth and Streetview are new to PCM for 2016. The 2017 Porsche 911 Carrera is slated to hit the States with an MSRP of $89,400 (we assume that won't include destination, which in 2015 equals $995), which is about $5,000 more expensive than the 2015 model that's currently available. The 2016 Carrera S will carry a sticker price of $103,400, which is a $4,500 increase. Cabriolet models will run from $101,700 to $115,700. Porsche will show its latest 911 Carrera off at the upcoming Frankfurt Motor Show, but you can read all the details right now in the press release below.

Porsche's former CEO Wiedeking to stand trial over VW-share manipulation

Former Porsche CEO Wendelin Wiedeking (left in the above photo) could potentially be facing some time in the slammer after all. The last we had heard, he and former Chief Financial Officer Holger Haerter (right) had avoided a trial in April due to a lack of evidence. However, an appeals court in Stuttgart has looked at the case again and overruled the earlier decision, finding that the executives should be tried for share manipulation during Porsche's failed attempt to take over Volkswagen in 2008, Bloomberg reports.
The judges in the appeal "list numerous indications that could suggest that there was a hidden decision to increase the stake as they could suggest the opposite evaluation by the lower court," said Stefan Schueler, a spokesperson for the court, in a statement cited by Bloomberg. Wiedeking and Haerter put out their own releases saying that there was no merit to the charges.
The prosecutors allege that Wiedeking and Haerter had a plan to buy up VW stock options in 2008 to take the automotive giant over but hid it from investors. The whole thing was a massive failure and eventually allowed VW the chance to acquire Porsche and forced the two execs to step down. In addition to the criminal investigation, hedge funds have attempted to sue the company multiple times in civil court for the same reason, but they have repeatedly failed.