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Porsche's former CEO Wiedeking to stand trial over VW-share manipulation

Former Porsche CEO Wendelin Wiedeking (left in the above photo) could potentially be facing some time in the slammer after all. The last we had heard, he and former Chief Financial Officer Holger Haerter (right) had avoided a trial in April due to a lack of evidence. However, an appeals court in Stuttgart has looked at the case again and overruled the earlier decision, finding that the executives should be tried for share manipulation during Porsche's failed attempt to take over Volkswagen in 2008, Bloomberg reports.
The judges in the appeal "list numerous indications that could suggest that there was a hidden decision to increase the stake as they could suggest the opposite evaluation by the lower court," said Stefan Schueler, a spokesperson for the court, in a statement cited by Bloomberg. Wiedeking and Haerter put out their own releases saying that there was no merit to the charges.
The prosecutors allege that Wiedeking and Haerter had a plan to buy up VW stock options in 2008 to take the automotive giant over but hid it from investors. The whole thing was a massive failure and eventually allowed VW the chance to acquire Porsche and forced the two execs to step down. In addition to the criminal investigation, hedge funds have attempted to sue the company multiple times in civil court for the same reason, but they have repeatedly failed.

Porsche 911 GT2 caught testing, is super bad

Look what spy photographers have spotted sprinting around the Nürburgring. Our shooters nabbed a few photos of the all-new Porsche 911 GT2 in its native habitat without any of the bulky camouflage or cladding we're used to seeing. The result is our first truly clear view at the upcoming successor to the GT2 throne. From the looks of it, the new model will boast wider fender arches front and rear, and hefty air intakes set into the machine's hips should help feed a beastly 3.8-liter flat six-cylinder engine. Early guesses put the engine output somewhere around 560 horsepower.
Mated to a seven-speed dual-clutch transmission, the engine should propel this rear-engined heathen to 62 miles per hour in under three seconds. Top speed? Try somewhere around 200 mph. If that's true, the next-generation 911 GT2 will be the fastest 911 in Porsche history.

Porsche Australia racing chief dies in crash

The motor racing community in Australia was saddened today to learn of the passing of Jamey Blaikie, a longtime racing administrator and former motorsport director for Porsche in Australia. A former racing driver in his own right, Blaikie was better known for his instrumental role in starting the Porsche Carrera Cup in Australia back in 2003. He left Porsche Cars Australia just last year to pursue other interests, including running an Aston Martin entry in the GT Asia series. Blaikie was in Fiji reportedly undertaking charity work there when his rental car collided with a truck, prematurely ending his life at just 52 years old. Our condolences go out to his family, friends and the motorsport community Down Under, where he'll surely be missed.