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Porsche acquires Kyalami race track at auction

With more victories under its belt than any other manufacturer, you could say, in a figurative sense at least, that Porsche owns countless numbers of race tracks around the world. But here we're not talking about figuratively owning a track - we're talking about literally buying one. And Porsche has just bought Kyalami.
Kylamai, for those unfamiliar, is a grand prix circuit near Johannesburg in South Africa. Between 1967 and 1985, and again in '92 and '93, it was home to the South African Grand Prix, and has since hosted a variety of local and lower-level international races, but apparently fell on hard times. As a result, the track's owners - listed as Universal Property Professionals - put it up for auction. Bidders had to deposit four million Rand (about $380k) to participate, but after just 50 seconds, the auction was over.
The winning bid was placed - via telephone from the local press launch for the Macan - by Porsche South Africa CEO Toby Venter, who bid a reported 205 million rand (about $19.5 million) to take over the complex. The German automaker's South African division reportedly intends to keep the track open for racing, but could also be expected to use the facility for testing, customer track days and such moving forward.

What hardcore 911 is Porsche working on now?

Porsche has been spotted testing a new hardcore version of the latest 911. The prototype appears to blend the best elements from the recently facelifted 991.2 with those of the outgoing GT3 RS, which both follows logically and bodes well for the German automaker's latest track-focused performance machine. That means new lighting and other touches, but also more ventilation than a toxic chemicals facility. The bigger question, however, is what engine Porsche is hanging off the back. If history teaches us anything, we could be looking at one of several possibilities. For one, this could be a prototype for the updated 911 GT3 RS, carrying a modified version of the existing model's 4.0-liter flat-six, still naturally aspirated, but maybe with a few extra horses kicked in over the outgoing version's 500 hp. For another, it could follow in the footsteps of the previous limited-edition GT3 RS 4.0, but since the existing model already boasts that displacement, this one could go a step further at 4.2 liters. But then it might not be a GT3 at all: we could be looking at the rebirth of the GT2, the primary difference between the two being the absence or presence of turbochargers. Porsche hasn't done a forced-induction GT model since the GT2 RS of 2010, and that was essentially a 911 Turbo sans the all-wheel drive and any shred of sanity. Whatever is lurking under all that aggressive bodywork, we're looking forward to finding out. And we get the distinct feeling that it won't disappoint. Related Video: Featured Gallery 2017 Porsche 911 GT2/GT3 RS: Spy Shots View 14 Photos Image Credit: CarPix Spy Photos Porsche Coupe Performance porsche 911 gt3 porsche 911 gt2 rs

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."