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Porsche Panamera S E-Hybrid gets $3,400 price cut in Canada

It's about $2,560 to you and me, pilgrim. Porsche is cutting the price of its Panamera S E-Hybrid by $3,400 for our neighbors to the north. In US dollars, that's a haircut of about $2,560. Of course, the premium SUV plug-in hybrid is no bargain, even in Canadian dollars. The sticker price now comes in at C$106,000 for the parallel plug-in hybrid. Granted, the car is a beast, and represents one heck of an effort for the German luxury-vehicle maker to hop aboard the green-car train, however little sales they derive from it. The model delivers 416 horsepower from its V6 gas-powered engine and electric motor. So while that's good for a fuel-economy rating (here in the States, at least) of 50 miles per gallon equivalent (MPGe), the car also has a top speed of 167 miles per hour. Think Montreal to Toronto in two hours and change, if the roads are empty. And not frozen. And have no speed limit. Stateside, the plug-in Panamera has been selling in pretty low volumes. The model, including the gas-powered version, moved about 4,200 units through the first 10 months of the year, or about 10 percent of Porsche's total. Through October, sales of the plug-in only were down 55 percent from a year earlier to just 358 units, so one shouldn't expect a flood of them to be sold because of the three-percent discount. Still, a price cut certainly beats a snowshoe to the head. Take a look at Porsche's press release below. Porsche Canada realigns pricing of its plug-in premium sports sedan 2016 Panamera S E-Hybrid now starts at $106,600 MISSISSAUGA, ON, Nov. 9, 2015 /CNW/ - Porsche Canada announced today that it had lowered the starting price of the Panamera S E-Hybrid for 2016 model year, effective immediately. The first plug-in hybrid vehicle in the luxury segment will now be offered starting at $106,600 – a reduction of $3,400 compared to the 2015 model year. This adjustment effectively brings the price in alignment with that of the Panamera S. Now, the Panamera S E-Hybrid represents an even more compelling choice in the segment, offering such quintessential Porsche traits as style, performance, quality, and impressive efficiency of its advanced powertrain. The hybrid tradition at Porsche extends back to the year 1899 and to the Lohner Porsche – the world's first vehicle to have a battery-powered electric drive as well as a combustion engine, which was designed and built by Ferdinand Porsche.

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.

Prosecutors in Argentina wants Top Gear to stand trial

Jeremy Clarkson may have left Top Gear behind, but some of his actions on the show may come back to haunt him. Prosecutors in Argentina reopened a criminal case against Clarkson last week, which may result in a prison sentence, over last year's now infamous insulting license plate incident, the Telegraph reported. Top Gear, and Clarkson in particular, had a reputation for going out of their way to insult other cultures. Clarkson was already on notice for racist remarks and social media posts when he punched a producer, ending his career at the BBC. So it was not a huge surprise when the team ran into trouble in Argentina while filming a 1,400-mile road trip for the show's 2014 Christmas special. Now for the history; Argentina and England have a long running disagreement that goes all the way back to the age of empire. At various times, a small set of islands off the coast of Argentina, called the Falklands, have had French, British, Spanish, and Argentine settlements. Britain claimed for their own in 1833. In 1982, Argentina and Britain fought a short, bloody war over the islands. Britain emerged victorious and still holds the islands to this day, though Argentina still claims them. Enter the Top Gear lads and their cars. Clarkson was driving a Porsche 928 with a license plate reading H982 FLK. Producers for the show deny up and down that the plates were not intended to cause such ire. Intentional or no, residents took the plate as a jab at the country's defeat in 1982. First, Clarkson was banned from the city where the road trip was supposed to wrap up. Then, angry Argentines threw stones at the hosts, forcing Top Gear to abandon filming and flee the country. In April, a judge deemed the plates intentionally disrespectful and blamed the show for causing a riot. Now the case is being reopened in Argentine courts, partly at the urging of veterans from the Falklands War. Prosecutors are saying that Top Gear changed the Porsche's plates with full knowledge that such actions were illegal. The case could take years to wind its way through the court system and drag all three Top Gear presenters in front of a judge. At the end, if found guilty, Clarkson could face three years in an Argentine prison.