Porsche 914 1.8l Forest Green California Car on 2040-cars

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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.

2014 Porsche 911 GT3 [w/video]

The Bearable Lightness Of Being
Start with a standard Porsche 911 Carrera and its 350-horsepower, 3.6-liter flat six-cylinder engine. Bore a crepe-thin slice of aluminum from each cylinder to get to 3.8 liters, add a wider track out back and two extra exhaust pipes and voila, you can append an S to the Carrera's name. Hang two sets of wet, multi-disc clutches along its spine and you can make that a 4, or a 4S. Bolt on two forced-induction compressors and piping, add two fender vents and comically wide rear tires and you've redeemed your ticket to a Turbo. Increase the boost pressure and swell the corral to 560 horses and you have the Turbo S, which is the Virginia Slims of the 911 line-up because it's come a long way, baby.
Or you can go in a different direction. At that second stop, grab the 3.8-liter and cart it over to the engineers at Porsche's development center in Weissach, Germany. If racing were meat, they would be among the alpha carnivores. The baseboards in their homes are probably painted with miniature billboards for motor oil and vintage cigarettes along the straights, red-and-white stripes around every corner.

Porsche in Paul Walker fatal accident was traveling over 100 mph before crash

The Porsche Carrera GT involved in the November crash that killed Fast and Furious star Paul Walker and racer Roger Rodas was traveling at speeds above 100 miles per hour before Rodas lost control for "unknown reasons," according to a report from the Los Angeles County Coroner's Office that has been acquired by The Hollywood Reporter.
Once control was lost, the Porsche spun, hit a curb and then impacted a tree and a light post, then it spun 180 degrees and hit another tree before erupting in flames, the report said. Neither Walker nor Rodas were under the influence of any drugs or alcohol at the time of the incident, according to toxicology reports conducted by the coroner.
As for the future of the Fast and Furious franchise, a separate by The Hollywood Reporter claims director James Wan, writer Chris Morgan and Universal Studios will move forward with the seventh installment in the franchise, which was only partially completed when Walker was killed.