2012 Porsche Panamera S, Premium Pkg Plus, Sport Chrono Plus, Turbo Ii Wheels! on 2040-cars

Auto blog

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.

Porsche not responsible for Paul Walker and Roger Rodas crash

A US District Court judge has found that Porsche wasn't responsible for the Carrera GT crash that killed Roger Rodas and actor Paul Walker, according to The Detroit News citing the Associated Press. Rodas' widow, Kristine, brought the lawsuit against the German automaker, but the court ruled there was a lack of evidence for her case. "Plaintiff has provided no competent evidence that Rodas' death occurred as a result of any wrongdoing on the part of defendant," US District Judge Philip S. Gutierrez ruled, according to the AP. Rodas' lawyer pledged to appeal the decision. Rodas' lawsuit asserted that the Carrera GT's right rear suspension failed and also cited the Porsche's lack of a proper fuel cell or a crash cage as factors. However, the judge didn't see any evidence for the suspension failure. He also criticized the expert for Rodas' side for analyzing tire marks from over a month after the crash rather than the photos from right after the incident, the AP reports. A 2014 investigation by the Los Angeles County Sherriff's Department blamed unsafe speed as the fatal accident's cause. The investigators reported that the Carrera GT was doing between 80 and 93 miles per hour when the crash happened. They also found nothing mechanically wrong with the supercar but did discover that the tires were over nine years old. The LA County Coroner ruled that both deaths were accidents. According to the AP, the lawsuits from Walker's daughter and his father against Porsche are still pending in Los Angeles Superior Court, and the district court ruling doesn't affect them. In each case, Porsche denied being at fault and cited the sheriff's investigation as support for that argument. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Porsche 911 with VW turbodiesel prepares for LeMons assault

LeMons racing is a wonderful example that setting limits can actually breed creativity. The series mandates that all entries must cost $500, not counting safety equipment, and that cap forces teams to be ingenious in how they build a racecar. Take for example this diesel-powered Porsche 911, which its creators have dubbed Ferkel the Nein-11, that will be racing in the Sears Pointless race this weekend in Sonoma, California.
This Frankenstein combines a 911 chassis that was originally bought just for its European powertrain and a Volkswagen TDI diesel engine mounted in the rear. After deciding the shell could still be of some use, the team decided to go racing. "We began brainstorming what replacement drivetrain to use for maximum offense and there was really only one answer: a diesel," said Philipp von Weitershausen, one of the team captains, to Jalopnik. They bought a 1998 Jetta TDI on the cheap and started figuring out a way to hack the engine into the bay. To pay respect to the donor, the VW's trunk was highly modified (and drilled) and grafted onto the back of Ferkel.
This team isn't a newcomer to LeMons. Its last car was a classic VW Beetle with a Subaru engine and dual controls, named Ferdinand the Bug, which could be driven from the left or right side. It's quite a sight.