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Porsche Boxster spied in the buff

Porsche is preparing a significant update to its entry level Boxster convertible, and while visually this might appear to be a simple refresh, the changes are more than skin deep. Following a number of rumors, Porsche will finally make the jump to turbocharged engines on a broad scale, and it starts with this new Boxster. According to our spies, it's the larger side intakes featured on this prototype that give away its smaller, force-induced flat-four engine. The dual exhaust pipes, meanwhile, say Boxster S to us, rather than just the basic model. Beyond the mechanical changes, this marks the first time we've seen the new Boxster completely free of camouflage. We can see that Porsche's stylists – famous for revolutionary designs slowly tweaking the same style for decads on end – adjusted the look of the front and rear fascias. We like the more aggressively canted headlights, which get the same four-pointed LEDs as its big brother, the 911. The slimmer taillights are a minor improvement on the inoffensive lamps fitted to the current car, and serve to take some attention off the all-plastic exhaust surround, which is much more simply styled than the current car's. It should also be noted that the aesthetics featured on the new Boxster are very, very likely to be transferred directly onto the new Cayman. You can check out our full gallery of shots of the all-new, totally undisguised Boxster in the gallery up top. Expect to see the new roadster around this time next year, with a debut at the 2016 Geneva Motor Show likely. Related Video:

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."

Bugatti and Rimac joint venture profitable 'beyond expectations'

WARWICK, England — The joint venture between Croatian electric carmaker Rimac and Bugatti has been far more profitable than anticipated as the two brands work on developing vehicles together under one roof, Rimac's top executive said on Wednesday. "It's highly profitable and cash flow positive beyond anybody's expectations," Rimac CEO Mate Rimac told Reuters in an interview at the UK offices of the carmaker's Rimac Technology unit in Warwick. "It's such a win-win situation for everybody." Rimac added the joint venture has brought "lots of synergies going both ways." The Rimac Group comprises the Bugatti-Rimac JV, producing the electric sportscar Nevera and the Bugatti Chiron — which is owned 45% by Porsche AG — and a technology unit which supplies battery systems and powertrain components to other carmakers. Earlier this year the group raised 500 million euros ($519 million) in a new funding round. Rimac's CEO said the company has developed a "really close strategic relationship" with Porsche, which was listed by its parent Volkswagen in October. Porsche holds a 20% stake in the Rimac group. "We are really collaborating on many levels, developing and producing lots of key elements of their (Porsche's) future hybridization and electrification," he said. Rimac's CEO said the group must become more like Ferrari with a predictable, stable and profitable business before it can contemplate an initial public offering. "They (Ferrari) make projections and they always achieve," he said. "What I want to have is some kind of stability and certainty before we do an IPO because we don't want to make promises we can't keep." An IPO could happen anytime from three years to a decade from now, and could involve going public as a group or spinning off a unit, he said, but is definitely coming because "we obviously have financial investors that at some point want to exit." Related video: Earnings/Financials Green Bugatti Porsche Electric Luxury Performance Supercars Rimac