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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's Tesla-fighter could have 600 hp and 300-mile range

Will this be the Ragin' Pajun? Some details on the all-electric "Tesla fighter" from Porsche have been revealed by UK's Car magazine, and, to put it bluntly, the model that has preliminarily been dubbed the 717 will be an absolute beast when it hits the road as early as 2019. With some technological help from parent company Volkswagen, Porsche is planning a model that will have about a 300-mile single-charge range, and a version that may deliver as much as 600 horsepower. The four-door will also be four-wheel-drive, with one electric motor per axle, and four-wheel steering, all for the sake of consistency, Car says. Additionally, unlike the Tesla Model S, with its battery packs running flat along the floor of the vehicle, the 717's battery layout will be far more complex, complete with bulkhead walls and 108 separate battery pouches. Last month, German publication Auto Motor und Sport reported that the Panamera's junior variant, aka the Pajun, was indeed going to be an all-electric affair. Still, beyond a few digital renderings and an estimated single-charge range of 250 miles, few details were revealed.

Porsche 911 GT spied streaking at the Nurburgring

At any given moment, you can bet that Porsche is testing some new version of the 911. When we see those prototypes undergoing testing, they're typically camouflaged, at least in part, to keep us from seeing what Zuffenhausen (or Weissach) is up to. But this particular example is completely undisguised. So what are we looking at, exactly? Well, for starters, it's likely the upcoming facelifted version of the current 911. The current 991 generation has been on the market now for four years, so the 991.2 (or 991.5, perhaps?) will likely be tasked with keeping Porsche's iconic sports car current for several more years to come. This version can be seen with front air intakes similar to those on the Cayman GT4, along with updated headlights, LED strips, new door handles, ventilated rear engine cover, reprofiled rear bumper, fresh taillights, and a new exhaust. The far bigger development is that the updated 911 is expected to ditch natural aspiration in favor of downsized turbocharged engines across almost the entire range – not just in the 911 Turbo. This particular version we see here, however, could be one of the few hold-outs for atmospheric pressure. That's because what we're looking at could be the upcoming back-to-basics version being prepared by the GT division – the same outfit responsible for the 911 GT3, GT3 RS, and Cayman GT4. Possibly adopting the name GT5, this new version of the 911 is anticipated to be the purist's choice: naturally aspirated flat-six, three-pedal manual transmission, skinny tires, no frills. This undisguised prototype appears to be packing a production roll cage and thin, leather-clad bucket seats – splitting the difference between racing buckets and the usual, thicker thrones. We'll have to wait a bit longer until Porsche is ready to release all the details of the refreshed 911, hopefully to include that GT version. But for an unadulterated taste of what's to come, look no further than the spy shots in the image gallery above. Related Video: