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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 to drop naturally aspirated six-cylinder engine

Rumors that the next-generation Porsche 911 will be completely divorced from naturally aspirated engines are picking up steam. Now, Road & Track is reporting that not only will the next 911, code-named 992, have a turbo-only engine lineup, but that the base Carrera and Carrera S will add the force-induced flat sixes as part of a facelift later this year. R&T only cites "sources familiar with the project," which claim that turbocharged flat-sixes will be at the core of the 992's engine range, alongside a plug-in-hybrid model. A four-cylinder 911 remains unlikely. What's most surprising, though, is how soon Porsche will introduce a turbocharged base-car lineup. Road & Track claims the blown flat-sixes will be added as part of a facelift coming before year's end. Perhaps unwilling to risk the further ire of purists, the current car's seven-speed manual transmission will continue to be sold, alongside the company's excellent PDK automatic transmission. As for when this facelift will happen, the 2015 Frankfurt Motor Show in September seems like the most obvious date. Related Video: Featured Gallery Porsche 911 Turbo: Spy Shots View 9 Photos News Source: Road and TrackImage Credit: CarPix Rumormill Porsche

NHTSA closes probe into 2011 Porsche 911 coolant leaks

The National Highway Traffic Safety Administration has announced that it will end its investigation into rapid coolant loss in 24,635 Porsche 911s built between 2001 and 2011. The models affected included the standard 911, GT2, GT3 and Turbo, as well as their variants (GT2 RS, GT3 RS and Turbo S).
NHTSA was investigating for "rapid coolant loss caused by coolant pipe-fitting failure, allegedly resulting in vehicle disablement and/or loss of vehicle control due to reduced traction for the affected vehicle or following traffic," according to the regulators website. "Most of the leak complaints did not appear to involve complete separation of the fittings and many were detected when the vehicle was parked," said NHTSA's statement.
There were 63 complaints and 336 warranty claims, although the investigation was initiated after ten complaints from customers. There have been no reports of crashes or injuries attributed to rapid coolant loss.