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Former Porsche CEO Wiedeking indicted over VW takeover bid

Do you recall the failed efforts by Porsche to take over Volkswagen? According to a Bloomberg report, former Porsche CEO Wendelin Wiedeking (above) and ex-CFO Holger Haerter have finally been charged with market manipulation over the exercising of options as part of the German sportscar manufacturer's ill-fated attempt to take over the much larger VW. That failed bid eventually resulted in the reverse coming true - VW swallowing Porsche.
The charges leveled by Stuttgart prosecutors come after a three-year investigation centered around allegations that Porsche execs made a concerted effort to increase the company's share in VW to 75 percent in preparation for a hostile takeover. Porsche had previously told its investors on at least five occasions that it had no intention to buy VW.
Portions of the investigation have subsided, according to prosecutors, citing an inability to prove certain improprieties with a "necessary degree of certainty." The number of charges is down to 5 from a previous 14 counts regarding "information-based market manipulation."

Porsche 718 Cayman gets new turbocharged engines

When Porsche revealed the new 718 Boxster, it appeared a matter of time before the Cayman would receive the same treatment. That time has come. The Cayman is like the 718 Boxster, but with a fixed roof, and both models are now aligned under the same number plate. The biggest change over the outgoing Cayman is the arrival of turbocharged power. In place of the 2.7- and 3.4-liter atmospheric boxer sixes in the previous model, the new 718 Cayman offers a choice of turbo fours: a 2.0-liter unit in the base model good for 300 horsepower, and a 2.5 in the S version with 350 hp on tap – just like in the latest Boxster. Smaller, both the new turbo engines bring increases of 25 hp over the naturally aspirated engines they replace. Torque goes up along with it – by 67 pound-feet in the base model to 280, and by 37 lb-ft in the Cayman S to 309. The extra muscle translates to a 0-to-60 time as low as 4.5 seconds for the 718 Cayman, or 4.0 flat for the 718 Cayman S, with top speeds clocked at 170 and 177 miles per hour, respectively. Of course, there's more to the new 718 coupe than what can be found under the engine bay. Porsche has retuned the suspension, tightened the steering rack, widened the rear wheels, and enlarged the brakes. It's all wrapped in new bodywork and operated from a refreshed interior. US deliveries are set to commence in November, with prices starting at $54,950 (including the destination fee) for the base model and $67,350 for the S model. Those are just starting points, with key options like the Sport Chrono pack, torque vectoring, and active suspension promising to inflate those figures as rapidly as the new Cayman will cover ground. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Poised for precision: The new 2017 Porsche 718 Cayman Mid-engine sports coupe with new turbocharged flat-four cylinder engines and enhanced suspension Atlanta, Georgia. Today Porsche announces the new 718 Cayman models. Following the debut of the new 718 Boxster, the new 718 Cayman complements the roadster in the mid-engine model line-up. This third generation of the mid-engine sports coupe has a more striking and athletic appearance, and for the first time, the coupe is priced below the roadster. The new turbocharged flat-four cylinder engines from the 718 Boxster power the 718 Cayman, making the power output identical for both models.

Corvette gets slidey with Britain's best performance cars

Autocar wants to find Britain's best driver's car, and it's challenging a murderers' row of some of the world's best performance vehicles to find out, including the latest Chevrolet Corvette Stingray. All of them were therefore assembled at the Castle Combe Circuit to find a winner.
If it wants to take the crown from this pack of mostly European competitors, the 'Vette has to beat some steep competition. Its challengers include monsters like the Ferrari 458 Speciale, Ariel Atom 3.5R and Jaguar F-Type Coupe. As a further hurdle for the winner to clear, Autocar also has last year's champ among the fighters - the Porsche 911 GT3.
Even if you're not at all interested in the C7, there's still something here for practically any fan of fast cars. The competitors include relative oddities among the pack like the Renault Mégane RS Trophy and Alfa Romeo 4C. Plus, Autocar has some well-positioned microphones that let you hear the Atom wailing like a banshee and the roar of the 458 Speciale. Check out the video to see which one of these all-stars takes home the award this year.