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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.

Submit your questions for Autoblog Podcast #299 LIVE!

We record Episode #299 of the Autoblog Podcast tonight, and you can drop us your questions and comments via our Q&A module below. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #299
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VW probes more diesels for emissions issues [UPDATE]

UPDATE: Volkswagen has released an official statement (embedded below) clarifying that neither the Euro 5 nor Euro 6 versions of the EA 288 contain software defeat devices. While this is the case for Europe, a VW spokesperson tells Autoblog: "Remedies and certifications for the vehicles in the United States are still subject to approval from the EPA and CARB." Volkswagen's diesel emissions scandal could mushroom to include even more vehicles in Europe because another engine there might be equipped with the cheating software. According to the company, it now needs to check whether early examples of the EA 288 for the Euro 5 standard can also evade tests, Automotive News reports. German regulators find that the later Euro 6 versions of the powerplant are compliant. VW initially said that 11 million EA 189 engines were affected worldwide by the cheating, and it recently included them in a stop-sale order in Europe. However, if the EA 288 diesels also have evasive software, they would only add to the millions of vehicles the company is already recalling there. At the same time, VW is facing a crunch to have a fix ready in time for mandated repairs to start in Germany in early 2016. New software should be enough to make most models compliant, but some of them might need more costly hardware changes. While the effects could be huge for Europe, the EA 288 has been included in VW's stop-sale in the US since Sept. 18. The engine is found on an estimated 67,000 examples of the 2015 model-year 2.0-liter TDI vehicles that the company calls Generation 3, according to spokesperson Jeannine Ginivan to Autoblog. US regulators are also taking a close look at the powerplant for evidence of VW altering its cheating software between engines. If proven, the changes might be evidence of a wider effort within the company to perpetuate the emissions evasion. Related Video: Volkswagen confirms: EA288 engines designed for EU5 and EU6 are not affected • Thorough appraisal of the Diesel emissions issue Wolfsburg, October 22, 2015. Volkswagen confirms today that no software constituting an improper defeat device as defined in law is installed in vehicles with EA 288 EU5 as well as EU6-engines in the European Union. Consequently, new vehicles of the Volkswagen Group offered within the European Union with those engines comply with legal requirements and environmental standards. Volkswagen AG is systematically reviewing this issue worldwide.