Californiaclassix 1982 Porsche 911sc Targa {55 Photos} on 2040-cars

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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.

The dream of the '90s is alive in Porsche 968 retro review

Only a month after Porsche confirmed that the next-generation Boxster and Cayman will get four-cylinder engines, it is apt that we have a MotorWeek retro review of the 1992 Porsche 968. Porsche hoped the 968 – nee 944 – and its naturally-aspirated, 3.0-liter, four-cylinder would revive sales of its entry-level line, but that didn't happen: going on sale in 1992, 1995 was its last year on the market. This was at a time when a stock 968 coupe cost $39,850, surpassing the out-the-door price of a loaded Chevrolet Corvette. The 968 convertible cost $51,000. That didn't stop MotorWeek's unanimous support of the 968, praising its design, the delivery of its 236 horsepower and 225 pound-feet of torque, and its handling - MotorWeek called it "Pure 90s performance," in spite of some fiddly switchgear and a noisy, firm ride. You can watch the review above. We have a feeling Porsche's four-cylinder fortunes will go much better this time around.

Porsche Exclusive showcases custom-order 911 Turbo Cabrio

Porsche is one of the most profitable automakers in the business. In fact, it's said to make about $23,000 on each car it sells, thanks in no small part to an options list that can send the sticker price accelerating quicker than one of its own sports cars. But there are always those for whom even the extensive option list won't be enough, and for just such customers, there is Porsche Exclusive.
The division in Zuffenhausen is tasked with creating even more individualized examples of Porsche vehicles, and it recently did up this 911 Turbo Cabriolet - which, at $160,700, is already one of the most expensive Porsches you can order this side of a 918 Spyder: more than any Boxster, Cayman, Macan or Cayenne, any Panamera other than a Turbo S or Executive - not to mention any other 911 short of a Turbo S.
This particular demo vehicle features a Slate Grey paint job and red interior decked out in more leather than an S&M dungeon - which, come to think of it, would probably be less financially painful than ordering up this car from Porsche Exclusive.