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Former Porsche execs acquitted of stock manipulation charges

A German court acquitted former Porsche CEO Wendelin Wiedeking and former CFO Holger Harter of stock manipulation charges, according to Bloomberg. Prosecutors alleged the men hid plans to takeover Volkswagen while publicly denying their intentions to investors. The presiding judge didn't find any merit to those claims, though. "There is nothing to the allegations, absolutely nothing," Judge Frank Maurer said, according to Bloomberg. "There was no secret plan to take over VW." Rather than Porsche taking over VW, the exact opposite eventually happened, and both execs stepped down. Investigators first indicted Wiedeking and Harter for alleged stock manipulation in late 2012. A court in Stuttgart dismissed the case in 2014 because of a lack of evidence, but an appeals court later overruled that decision. The current trial finally began in October 2015. If convicted, Wiedeking faced up to 30 months in prison, and Harter could have received up to 27 months, Bloomberg reported. Prosecutors also wanted one million euro ($1.1 million) fines from them and 807 million euros ($910 million) from Porsche. The acquittal might not be the end of this long-running case, though. In Germany, prosecutors have the right to appeal a ruling, and the lawyer hasn't made a final decision yet. If the court thinks there's a reason, the former execs could be back in front of a judge at some point in the future.

Porsche 911 RSR stops just long enough to have its photo taken

When it comes to Porsche and its rapidly escalating endurance racing program, all eyes may be on the new 919 Hybrid - and with good reason: that's the vehicle with which Porsche will be challenging the likes of Audi and Toyota for wins in the top-tier LMP1 class of the FIA World Endurance Championship and at Le Mans. But it's the 911 RSR that does and will continue to form the backbone of the factory's effort.
The 470-horsepower racing version of the road-going 911 took a one-two finish in its class at Le Mans last year, and also won its class at the Daytona 24 this past January as well. This year Porsche will field two of them in the WEC, another two in the United SportsCar Championship here in the US and will sell countless more to customer racing teams that will undoubtedly continue to rack up trophies in racing series around the world. This, then, might be a unique chance to see one standing still. Check it out in our gallery of live images above from the Geneva Motor Show.

Porsche sees error of ways, next 911 GT3 to offer manual transmission

Consider this Porsche's mea culpa. After creating an uproar over selling a new 911 GT3 without a manual transmission, the automaker introduced the limited-edition, manual-equipped 911 R in Geneva. That car is just a stopgap, though. It's meant to hold 911 drivers over until the next GT3 arrives with the same six-speed manual transmission. Yes, the next-gen GT3 will get an old-fashioned six-speed manual, according to a new report from Autocar (but the GT3 RS will still be PDK-only). In fact, the same report claims Porsche will make sure that the 911 GT3 remains the car for the brand's most ardent purists. While the rest of the Porsche range moves to turbocharged engines, the GT3 will stick to its naturally aspirated guns. That comes direct from the big boss behind the GT3, Andreas Preuninger, who told the magazine this would be the case "for the foreseeable future." According to Preuninger, the only member of Porsche's GT line that will go turbocharged is the one that's been that way all along – the GT2 and GT2 RS, which we'll see next year. And yes, Preuninger's statement about limited turbocharging applies to the Cayman GT4, too, even though the model that high-performer is based on has moved to a line of turbocharged engines. When the next GT4 arrives, it'll be with a flat-six in the middle. Related Video: