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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 goes Platinum with special edition Cayenne

The other day, Porsche announced a new special edition of the Cayenne. We didn't pay it much heed because it appeared to be exclusive to Europe (or, at least, markets other than ours), but now Porsche has announced its availability in North America, as well.
It's called the Platinum Edition, and it's available exclusively on the entry-level models with either the 3.6-liter V6 or 3.0-liter turbodiesel V6. You can tell the special edition apart from any other Cayenne by the silver details (accenting the grilles, window trim and rear spoiler) and its two-tone black and beige leather interior. But what makes it a compelling choice is the long list of equipment, which Porsche has identified as the most requested options and fitted them as standard, including the eight-speed Tiptronic S transmission, Power Steering Plus, Park Assist, Convenience Package and Bose audio.
Pricing starts at $63,300 for the Cayenne Platinum Edition, or $66,900 for the Cayenne Diesel Platinum Edition. That represents a premium of approximately $13,000 over a bone-stock model, but actually saves you a few grand if you were going to select all those options anyway. Check out the press release below for all the details.

Porsche 919 Hybrid collides with 911 at Silverstone

Endurance racing is tough, in part because drivers must share the track with a whole variety of cars traveling at different speeds. That can be especially difficult for the front-running prototypes, which have to keep up the pace while overtaking slower cars. Just ask Brendon Hartley, whose spectacular crash in a Porsche 919 Hybrid while overtaking a 911 thankfully resulted in no injuries. The defending champion was scything his way through lapped back-traffic in the season opener this past weekend for the FIA World Endurance Championship when he apparently miscalculated a passing maneuver while exiting the corner. Hartley was reprimanded for the collision that took both cars out of the race but fortunately left both drivers unscathed. Worse yet was that he and his teammates were on track to win the race, and ended up watching the rest of the race from the pit lane. Instead an Audi R18 crossed the finish line first – but the race win was subsequently handed instead to another Porsche 919 during post-race scrutineering. Audi is appealing the decision, but Hartley and his co-pilots Timo Bernhard and Mark Webber will have some ground to make up if they hope to retain their crown this season. Related Video: News Source: bmwcrash1 via YouTube Motorsports Porsche Videos silverstone fia wec porsche 919 hybrid