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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.

Recharge Wrap-up: BMW to test autonomous cars, Korea bans sales of BMW, Nissan, Porsche models

BMW will test autonomous cars on public roads by the second half of 2017. The German automaker, with partners Mobileye and Intel, will operate a fleet of 40 self-driving vehicles using a "scalable architecture" that will be made available to other automakers. The partners plan to offer products ranging from key components to "a complete end-to-end solution" for autonomous driving. Since parting ways with Tesla, Mobileye also recently announced it would provide its technology to Lucid Motors. For BMW, it all leads up to its fully autonomous iNext model slated for introduction in 2021. See the video above, and read more in the press release from Intel. South Korea has banned the sale of certain models from BMW, Nissan, and Porsche over emissions cheating. Following an investigation, regulators determined emissions testing documents to be falsified. The country's Ministry of Environment has fined the three automakers a total of $5.9 million, and revoked the certification of 4,523 vehicles across banned 10 models. Six of the models were still on sale, while the other four have been discontinued. Read more from Automotive News Europe. China's prices for the Cadillac CT6 Plug-in are significantly higher than those announced for the US. The plug-in hybrid version of the luxury sedan recently went on sale with the two variants priced at RMB 558,800 and RMB 658,800. At the time of this writing, that's $80,420 and $94,812. Cadillac announced it would bring the CT6 Plug-In Í– which is built in China – to the US in the spring of 2017, starting at $76,090 before federal and local tax incentives. Hybrid Cars points out that China's own generous incentives could help to make it more competitive. The offering of a charger with free installation as well as an eight-year warranty on the electric powertrain should help, too. Read more at Hybrid Cars. A Connecticut court has ruled in favor of Tesla's gallery showroom in Greenwich. Last May, the Connecticut Automotive Retailers Association brought the suit to block the showroom on Greenwich Avenue, which has now been dismissed by the Connecticut Superior Court. Tesla cannot offer test drives, sell cars, or operate a Supercharger at the location, but it can sell other branded items and educate the public about its vehicles. It's possible that the issue of Tesla's direct sales model could come up again this year in Connecticut state legislature. Read more at Teslarati .

Porsche not responsible for Paul Walker and Roger Rodas crash

A US District Court judge has found that Porsche wasn't responsible for the Carrera GT crash that killed Roger Rodas and actor Paul Walker, according to The Detroit News citing the Associated Press. Rodas' widow, Kristine, brought the lawsuit against the German automaker, but the court ruled there was a lack of evidence for her case. "Plaintiff has provided no competent evidence that Rodas' death occurred as a result of any wrongdoing on the part of defendant," US District Judge Philip S. Gutierrez ruled, according to the AP. Rodas' lawyer pledged to appeal the decision. Rodas' lawsuit asserted that the Carrera GT's right rear suspension failed and also cited the Porsche's lack of a proper fuel cell or a crash cage as factors. However, the judge didn't see any evidence for the suspension failure. He also criticized the expert for Rodas' side for analyzing tire marks from over a month after the crash rather than the photos from right after the incident, the AP reports. A 2014 investigation by the Los Angeles County Sherriff's Department blamed unsafe speed as the fatal accident's cause. The investigators reported that the Carrera GT was doing between 80 and 93 miles per hour when the crash happened. They also found nothing mechanically wrong with the supercar but did discover that the tires were over nine years old. The LA County Coroner ruled that both deaths were accidents. According to the AP, the lawsuits from Walker's daughter and his father against Porsche are still pending in Los Angeles Superior Court, and the district court ruling doesn't affect them. In each case, Porsche denied being at fault and cited the sheriff's investigation as support for that argument. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.