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Porsche to expand range, Ferrari fighter a possibility

Porsche has something new on the way; not just the Cayman GT4 or 911 GT3 RS from the 2015 Geneva Motor Show, but a completely different, seventh model line. Unfortunately, the company is keeping mum about what exactly it has on the way. Porsche chairman Matthias Muller (pictured above) snuck the announcement into his speech during the brand's recent press conference. "For example, in the not too distant future we will present a seventh model series. But I am not yet able to tell you exactly when this will happen. There are already promising plans, but no board decision yet." Separately, Muller also indicated that the brand didn't want to set targets too far beyond 2018, which hints when this new vehicle might be unveiled. To lend one more possible clue, the boss said, "the high-speed high-tech laboratory of the 919 Hybrid will benefit all our future vehicles." With the absence of any more facts, speculation is filling the vacuum. Bloomberg posits that this could be Porsche's rumored competitors against Ferrari or Tesla. An electric model is rumored for 2019 with up to 600 horsepower and 300-mile range. "Tesla has built an exceptional car," Muller said, according to Bloomberg. "They have a very pragmatic approach and set the standard, where we have to follow up now." The model could also be the once-confirmed and reportedly-canceled Ferrari challenger to slot between the top 560-hp 911 Turbo S and sold-out, 887-hp 918 Spyder. There is a hole in the lineup in that niche with the latest Ferrari 488 GTB making 661 hp. Of course, there's also the already-spied Pajun four-door as yet another possibility. It's also rumored to hit the market in 2019. Although, some speculation postulates that that this smaller vehicle and the Tesla competitor are actually the same thing. Show full PR text Matthias Muller ? Annual Press Conference 2015 ? March 13, 2015 Ladies and gentlemen, After looking at business year 2014 in detail, I would now like to put my focus on 2015 and the medium-term future. The new business year started extremely well for Porsche. We were able to follow up on the success of the previous year with good delivery figures. By the end of February, we had already delivered 31,000 new vehicles to our customers worldwide. This is approximately a third more than the first two months of 2014. These figures are particularly pleasing because the global environment has not improved and is anything but easy.

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.

2017 Porsche Panamera revealed: It's finally pretty

Things are looking up for the Porsche Panamera. Dynamically, it's always been good – fast, comfortable, and much more spacious than something like a 911 – but the general consensus is that the first-gen Panamera's styling was, shall we say, less successful. All that changes for the second-generation car. Despite being longer, wider, and taller than before, it's much more attractive, with a lower roofline that sweeps back toward the rear haunches with a pleasing arc. There's a clear styling link to Porsche's mainstay, the 911. The new Panamera's body is made mostly from aluminum, minus some high-strength steel and the optional large, panoramic roof overhead. LED lighting elements front and rear look suitably up-to-date, especially the interconnected design of the taillights. Wheels range from 19 inches to 21, with 20s standard on the Turbo. Porsche isn't just recalling its current sports car with the new Panamera. The central tachometer is designed to evoke the one in the 1955 356 A, more colloquially known as the Speedster. Beside that one analog throwback, however, the latest Panamera is fully modern and technologically advanced. Two seven-inch screens flank the tach, and the Porsche Advanced Cockpit includes a 12.3-inch tablet-like touchscreen in front of the driver. Apple CarPlay is available, but there's no mention of Android Auto. A new thermal imaging camera makes it easier to see in the dark. A completely new range of engines powers the second-gen Panamera, starting with a twin-turbo 2.9-liter V6 that puts out 440 horsepower and 405 pound-feet of torque. In the Panamera 4S, that's enough to launch the saloon to 60 in 4.4 seconds (4.2 with the optional Sport Chrono Package) and to hit a top speed of 180 miles per hour. The Panamera Turbo boasts a 4.0-liter, twin-turbo V8 with 550 hp and 567 lb-ft. The 0–60 run takes just 3.6 seconds (3.4 with Sport Chrono) and the top speed is 190 mph. Both the 4S and the Turbo come with standard all-wheel drive and an eight-speed PDK dual-clutch automatic transmission. Much of the chassis tech from the last Panamera is carried over, including Porsche Active Suspension Management, Porsche Torque Vectoring Plus, and active roll stabilization. The available active air suspension has been updated with a three-chamber design. The 2017 model adds rear-wheel steering as an option, borrowed from the 911 line.