2000 Porsche Boxter on 2040-cars

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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."

Magnus Walker turbocharges his love for the Porsche 911

He's had his fill of early, long-hood Porsche 911s - he owns at least one from each model year, from 1964 to 1973 - so Magnus Walker, a fanatic of the Stuttgart, Germany-based automaker, recently set his sights on the early Porsche 930, as documented by this XCAR video called 'Turbo Fever.' Let us translate: pretty soon Walker will own all of the earliest, non-intercooled 911 Turbos - at least one from each model year, starting at 1975 and ending at 1977 (though the 1975 911 Turbo Carrera never officially was imported to the US by Porsche, so it'll be tougher to find one Stateside).
Any Porsche enthusiast can tell you why they love their car, and it often comes down to the small details that differentiate one model year from another. One of many examples is the mid-'80s 928. They look similar, but the basic difference between a 1984 Porsche 928 S and a 1985 928 S (US-spec) is two camshafts and 54 horsepower, though each car's V8 has its own pros and cons. We'll let Magnus Walker tell you all about the 930 and what makes the first three years special, as he's becoming quite the expert on early, air-cooled 911s. When the nearly 15-minute mini-documentary was filmed, which you can view below, he already had added four early 930s to his collection!

Porsche Panamera's alluring hind quarters teased

It looks like we'll be seeing the new Porsche Panamera sooner rather than later, after the German company released its first teaser video for its redesigned sedan. Sadly, that image you see above is the only clear view of the new car being offered – the video doesn't offer much. In short, the clip below is all about how Porsche has successfully done its own thing over the years. You know, building cars with the engine in the wrong end and such. It's a nice little recap of Porsche history, showing Porsche's first offerings through to the 918 Spyder. But let's talk about that teaser image. We get a good look at the taillights, the traditional Porsche lettering, and the rear window. Based on these few details, it looks like the new Panamera's tail will borrow some inspiration from the updated 911. The lights are a similar shape, and while the sedan will tie the two units together with a lighting element – kind of like a 911 Targa – it looks like there's a similar character line just above the Porsche lettering. But the really weird detail here is the vertical cutline at the Panamera's center, right above the letter "S" in "Porsche." There's absolutely no reason for it to be there, unless Porsche is going to offer something really weird like a split tailgate, which we doubt. We can't see anything like it in our spy photos, but it'd be a relatively easy thing to hide with camo. But why is it there? We can't wait to find out. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.