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Former Porsche boss Wiedeking won't face criminal charges over VW bid

Hedge fund managers have been suing Porsche for years now, alleging that the car company lied about its intentions during its failed attempt to take over Volkswagen, a gambit that caused them billion in losses. Over the same period, authorities in Stuttgart built a criminal case against former CEO Wendelin Wiedeking (above, left) and Chief Financial Officer Holger Härter (right), filing charges in December 2012. When those fund plaintiffs lost their most recent court case, one of the dimming lights in the dark and receding tunnel was that the criminal investigation might unearth more evidence about Porsche's actions that could help the plaintiffs in pending litigation.
Bloomberg reports that another light has gone out, though, with a Stuttgart court dismissing the market manipulation case before going to trial because, as a court spokesperson said, "there wasn't enough evidence backing up the charges." When prosecutors get the files back from the court, they have a week to decide to refile, but unless they've been sandbagging evidence that could bolster the case, the only lights at the end of the tunnel will be those welcoming Wiedeking and Härter back to the world of legally unencumbered men.

Porsche offers a closer look at the Mission E's design

As Porsche's first fully electric sports sedan to go on sale, the production version of the Mission E concept could revolutionize the company's products. It's vital to get the look just right because of so much riding on the upcoming EV, and a new video from the German sportscar maker offers a glimpse inside the Mission E's design process. When Porsche decided to create a four-seat sports car with an electric drivetrain, the designers started by creating a series of drawings that became clay scale models. While they don't look too different from the final shape, this video gives us a look at several different design sketches for the Mission E. The designers tacked up pictures of the brand's models and took some ideas from them. For example, the smooth nose has a resemblance to the front of the 718 RSK racecar from the late '50s and early '60s, and the Mission E also has cues from the current 919 Hybrid. The interior design process proceeded similarly. The stylists wanted to carry the look of the 911 into the future. For a cutting edge cabin, they also included elements like gesture recognition and holographic displays. In concept form, Porsche claims the Mission E all-wheel drive EV powertrain makes 590 horsepower, and Porsche promised a 311-mile range under the European testing method. Production should begin around 2020 at an updated factory in Stuttgart-Zuffenhausen, Germany. The company's workers at the plant even agreed to adjust their wages to make sure assembly happened there. Related Video:

Lanzante building 11 Porsche 930 restomods with actual F1-raced engines

In " Casino Royale," James Bond gets a lesson in tailored clothing when Vesper Lynd gives him a new dinner jacket. Bond tell her he already has a jacket, and Lynd replies, "There are dinner jackets and dinner jackets. This one is the latter." News from Lanzante makes us paraphrase that line in saying, "There are 911 restomods and 911 restomods." Lanzante's is definitely the latter. The English engineering firm is building 11 Eighties-era Porsche 930s with genuine TAG-branded Porsche engines that the McLaren Formula One team used to win 25 races. From 1984 to 1987, Porsche built a 1.5-liter turbocharged V6, branded as the TAG-Porsche TTE P01, for the McLaren MP4/2 and MP4/3; if the naming seems odd to cover four years, it's because McLaren raced the MP4/2B and MP4/2C in 1985 and 1986. The engine produced more than 1,000 horsepower in qualifying trim, and 750 hp in race spec. In its first three years on the grid, the engine powered McLaren to two Constructor's Championships, and three Driver's Championships for Niki Lauda and Alain Prost. During that time, McLaren built a prototype Porsche 930 with that TAG engine, but kept it so far out of sight that people spoke of it as a rumor. The English carmaker finally proved the rumor true a few years ago when it put the prototype on display in the lobby of its Woking headquarters. Enter Lanzante, which has a history with McLaren going back to at least 1995, when it prepped the Veno Clinic McLaren F1 GTR that won Le Mans that year. More recently, it built road-legal P1 GTRs called the P1 GT, and a one-off P1 Longtail. McLaren sold Lanzante the 11 engines for this run of monstrously overpowered Porsche coupes, and Lanzante showed off the first example at the recent Rennsport Reunion at Laguna Seca — news that somehow got lost in the general Porsche overdose and Moby Dick revival. Built just like the original McLaren-Porsche prototype, no one will think anything's astray with the new version's white bodywork and RUF wheels. The camouflage continues inside, where a pair of upholstered racing buckets might offer a small clue. The instrument panel gives things away, containing a tachometer branded "TAG Turbo" with a 9,000-rpm redline, and a water temperature gauge. Cosworth is restoring the engines for the program, and each of the 11 examples gets a plaque in the engine bay listing its engine's race history.