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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.

1978 Porsche 930 in Australia spans generations on Petrolicious

Deryck Shakespeare grew up around his father's Porsches, and inherited a white 1978 930 from his uncle just before the relative's death. Now, it looks like the turbocharged coupe might go to Shakespeare's son someday, as this latest video from Petrolicious' highlights a family bond that spans three generations. Shakespeare's Porsche still looks lovely, and it barks a wonderful burble from the exhaust, too. Driving it, however, can be a handful. There're no power steering or electronic aids, and the engine has lots of power and turbo lag. "The technology isn't in the car to cope with the amount of horsepower," he says in the video. Since owning it, Shakespeare and his son have bonded over the Porsche. Deryck plans to hand over the 930 to his boy someday when he's ready to handle this tricky kind of automobile. His son even saves his allowance to upgrade the interior. With that attitude, he should make a great owner someday... just like his dad. Related Video:

Porsche 911 R might be manual-only with a GT3 engine

Two of Porsche's best cars only come with two pedals and a PDK transmission. That automatic is inarguably one of the very best on the planet, but it's still not the same. The debut of the latest Porsche 911 GT3 was met with much moaning and groaning when it was revealed it would be PDK-only. A rumor from our friends at Car and Driver could signal that three-pedal fans may finally get the Porsche they really want. C/D is claiming that Porsche might resurrect the 911 R badge for a limited-edition Carrera. Such a vehicle would feature not only a nearly 500-horsepower, naturally aspirated flat-six derived from the GT3's engine, but also a do-it-yourself manual transmission. We're betting it'd be the Carrera's well-regarded seven-speed manual, provided it could handle the output. As for how this car will look, that is perhaps the most exciting angle. According to C/D, Porsche insiders called the 911 R "a wolf in sheep's clothing," describing subdued sheetmetal that won't trumpet this car's high-performance nature. Yes, there's could be a sleeper 911. We'll keep our eyes open for anything that corroborates Car and Driver's rumor, but until then, take this news with a grain of salt. If the 911 R does see the light of day, it will likely be in March at the 2015 Geneva Motor Show. News Source: Car and Driver Rumormill Geneva Motor Show Porsche Coupe Racing Vehicles Performance rumor porsche 911 r