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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 to reveal Cayman GT4 Clubsport racer in LA

Aspiring professionals and amateur gentleman racers alike will want to swing by the Porsche booth at the LA Auto Show this year. That's where the German automaker will be revealing its new entry-level racer. The Porsche Cayman GT4 Clubsport is nearly stock, but features some choice upgrades to cater its disposition toward the racetrack. Power comes from the same 3.8-liter flat-six as the road-going Cayman GT4 (shown above), producing the same 385 horsepower. It ditches the manual, however, for the faster-shifting DCT (which we expect will soon be offered on the showroom version as well), aided by a mechanical locking differential. It features the front suspension setup from the 911 GT3 Cup car and beefed-up steel brakes. It's also got a roll cage inside and a racing bucket with a six-point harness. All told, the whole package weighs 2,866 pounds – making it a good hundred pounds lighter than the street-legal model on which it's so closely based. Once homologation is complete, customers will be able to field it in series like the Pirelli World Challenge, Continental Tire Sports Car Challenge, and Pirelli GT3 Cup Trophy. Porsche has yet to release images, but we'll be sure to update this post as soon as they're available – so watch this space. New race car for motorsport newcomers Porsche develops Cayman GT4 Clubsport Stuttgart. Using the lightweight Cayman GT4 as the basis, Porsche Motorsport has developed a near-standard racing version. The Cayman GT4 Clubsport celebrates its world premiere at the Los Angeles Motor Show on 18 November. Sales of the 283 kW (385 hp) mid-engine racer for motorsport newcomers also start on this date. Just like its race-worthy production sibling, the Cayman GT4 Clubsport is powered by a 3.8-litre flat-six engine. The racing version features a Porsche double clutch transmission with shift paddles on the steering wheel and a mechanical rear-axle locking differential. The lightweight suspension strut front axle is taken from its big 911 GT3 Cup brother, which is campaigned in Porsche's 20 one-make championships around the world. The impressive racing brake system is fitted with steel brake discs all round measuring 380-millimetre in diameter. Tipping the scales at just 1,300 kilograms, the Cayman GT4 Clubsport, delivered ex-works with a welded-in safety cage, a racing bucket seat as well as a six-point harness, is truly lightweight.

Ferraris, Porsches and planes star at McCall’s Motorworks Revival

MONTEREY, Calif. – McCall's Motorworks Revival, sometimes called The Jet Party, kicked off vintage car week here as enthusiasts streamed into the region for days of car shows, official automaker events and hob-knobbing leading up to Sunday's Pebble Beach Concours d'Elegance. Held at the Monterey Jet Center, the revival featured an array of exotic and classic cars blended in with planes, racecars, motorcycles and luxury items like jewelry. This year the eclectic lineup of cars included vintage Ferraris and Porsches, a raised 1964 Chevy Impala, a classic Toyota Land Cruiser and a Cobra. The 1960s Ford GT40 racecar sat near the modern Ford GT, while Camilo Pardo, the designer of the in-between generation (2004-06), held court nearby. Iconic planes like the B25, P51 and an ancient biplane were intermingled with the flashy cars. Show-goers tipped drinks, tossed back heavy hors d'oeuvres and desserts, ogled the seemingly random collection of amazing machines and prepared for days of celebrating the automobile on the Monterey Peninsula. The revival is in its 26th year and is put on by McCall Events, whose owner Gordon McCall is a class judge at the concours and the cofounder another Monterey car week staple, the Quail. The revival also collects donations for a California police charity. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery McCall's Motorworks Revival 2017 View 29 Photos Image Credit: Copyright 2017 Drew Phillips / Autoblog.com Ferrari Lamborghini Porsche Coupe Motorcycle Luxury Performance Pebble Beach