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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.

Porsche sells a $6,570 office chair

If you're in the market for a new seat and a Porsche fan, then the German company might have the chair of your dreams. Be ready to spend some serious cash, though. The Porsche Office Chair RS looks identical to what is in the company's vehicles, and Porsche promises the chair uses the same leather and Alcantara as in the sports cars. The brand's crest comes embossed on the headrest, too. Buyers also get the usual features you would expect from an office chair like adjustments to the seat height and armrests. There's also a jacket hook at the back. However, the coolest part is the electrically adjustable backrest with a rechargeable battery for power. If the Office Chair RS has one downside, it's the price. Porsche's website shows a list price of $6,570. If you shop around, that's a similar to what a Porsche 944 will set you back, and you can actually drive the 944. If you're looking for something slightly less expensive, Porsche also has a regular office chair that looks very similar to the RS but retails for $5,690, which still isn't much of a bargain, but is pretty cool nonetheless. Related Video: News Source: Porsche [1], [2] via YouTube Auto News Design/Style Weird Car News Porsche Performance Videos

Porsche 911 GT3 dukes it out with MP4-12C on track and GT-R on spectacular roads

The Porsche 911 GT3 has always been a favorite among auto journalists and car enthusiasts alike, but with the introduction of the new 991-generation GT3, which is the first GT3 with electric power steering and no manual gearbox option, how does it stack up to the competition from McLaren and Nissan?
Evo's Jethro Bovingdon attempts to answer that question by pitting the rear-engine Porsche against the mid-engine McLaren MP4-12C on a racetrack and the front-engine, all-wheel-drive Nissan GT-R on some amazing, twisty European back roads. We won't give away the victor of either comparison, but we will say that, in Evo's test, the McLaren's 141-horsepower advantage doesn't give it as much of an edge over the Porsche on a racetrack as one might think, and the lack of a manual gearbox and the inclusion of electric power steering on the GT3 isn't detrimental to enjoying the car on a back road.
Watch the video below to find out which car Bovingdon prefers on road and track - we think you'll be happy to see him drift around turns every chance he gets.