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Good Samaritan pulls key from hit-and-run driver

A man in England stopped a hit-and-run driver from fleeing the scene by grabbing her keys from the ignition. On February 13, Michael Scott witnessed a crash on a busy road in Birmingham, England according to the Telegraph. He watched as a Vauxhall Astra crashed into a Porsche right in front of his vehicle. At first, it seemed like the offending driver was going to stop, but she just kept going. Luckily, Scott had his dashboard camera rolling at the time. "I was shocked when the Astra driver didn't stop, and just carried on accelerating up the road," Scott told the Telegraph. "I thought the driver was trying to do a runner, so when the car in front of me moved off I managed to speed up and block the Astra in. Scott rushed ahead of traffic to cut off the Vauxhall in a turn lane a few hundred feet from where the crash originally occurred. The running driver then maneuvered around Scott, but was blocked by another car from making a clean getaway. Scott then nabbed the driver's keys to keep her from fleeing again. "I was in a rush so I couldn't stop, but I gave her keys to the Porsche driver and left," Scott told the Telegraph. "I contacted the police to let them know I had footage of the incident too." When police arrived they found both drivers were unhurt, though the Porsche will probably need some expensive repairs. The fleeing driver was charged with drinking and driving and is currently out on bail.

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.

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.