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Former Porsche execs charged with stock manipulation in Germany

The ongoing indictment of top Porsche executives for alleged stock manipulation during the attempted takeover of Volkswagen has taken years to reach an actual decision, but a trial date has finally been set for October 22. In addition to former CEO Wendelin Wiedeking (pictured above) and ex-CFO Holger Haerter, prosecutors have also added Anton Hunger, who was communications boss at the time, to the list of those charged, according to Reuters. The men purportedly made false statements to investors about plans to acquire 75 percent of VW stock. The prosecutor also dropped charges against Ferdinand Piech and Wolfgang Porsche in the same case, Reuters reports. The two Porsche family members were on the company's board at the time, but investigators found that they had no role in making the false statements. If found guilty, the former Porsche execs could face up to five years in prison. As expected, lawyers for Wiedeking and Haerter have repeatedly denied any wrongdoing by their clients. The investigation into Porsche SE's actions during the failed VW takeover go back to at least 2009 when the firm's offices were raided. Wiedeking and Haerter were eventually indicted in 2012. A Stuttgart court initially dismissed the case for lack of evidence, but in 2014 that decision was reversed on appeal. At the same time, investors have brought multiple civil lawsuits against the company, but none of those cases have been successful.

Porsche Panamera wagon won't come to America until 2018

Porsche has teased us with a wagon version of the Panamera for years now. First as the Panamera Sport Turismo concept at the 2012 Paris Motor Show, and more recently we've seen prototype spy photos of extended rooflines Panameras as well. Now Automotive News confirms that the wagon is not only in the works, but that it will be sold in North America. "We have to have some patience for [the wagon] to arrive in the U.S.," Porsche Cars North America CEO Klaus Zellmer told AN. "But we are confident that this car will be well received here, despite the fact that this country doesn't really like hatchbacks or wagons." Wagons are particularly popular in Germany, encouraging local automakers to continue developing and producing them even as they expand their crossover offerings. Only some of those make their way across the Atlantic, however. Though Audi, for example, offers Avant wagon versions of its A4 and A6 models, it brings only the latter over in ruggedized Allroad trim. Mercedes similarly offers wagon versions of the C-Class, CLA, and CLS back home, but only sells the E-Class wagon in America. And BMW keeps the Touring version of its 5 Series back home while brining over only the 3 Series wagon. Porsche is slated to reveal the new Panamera in four-door form at the Paris show in September, with the wagon version to hit the European market sometime next year. Don't expect to see the five-door model in US showrooms, then, until 2018 at the earliest.

A closer look at the 2015 Porsche Macan

He assured us that "this is a sports car."
Porsche took the wraps off its all-new 2015 Macan at the LA Auto Show last week, and while it's easy to write it off as just a badge-engineered version of the Audi Q5, you'd be very, very wrong. For starters, 75 percent of the car's platform was re-engineered by the Porsche team, and with a choice of two twin-turbocharged engines, the Macan should absolutely live up to the brand's pedigree.