Porsche 944 on 2040-cars

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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.

Porsche to develop new line of engines for next Panamera

When the second generation of the four-door Porsche Panamera launches, it will likely be riding a new platform, complete with an all-new family of V6 and V8 engines, according to a report coming out of the UK.
Autocar reports that the so-called MSB platform will likely underpin the Panamera, and it could be shared with Bentley, provided the Volkswagen-owned, British-built brand commits to the architecture. As for the engines, it's reported that they'll have a sportier character than the V6s and V8s being built for Volkswagen and Audi's vehicles.
"Porsche will have its own new V8 that will be common to the new MSB platform," Porsche's chief engineer, Wolfgang Hatz, said. "It's a family for the next 10 years of cars." Whether the V8 and V6 will be used outside of the Panamera line, though, remains unclear. There's also no mention of what place turbocharging would have with the new engines.

Porsche 911 goes up in flames at New York Auto Show

It was a bad day for the 2016 DUB Show Tour after a Porsche 911 Turbo associated with the tour caught fire ahead of its 2016 New York Auto Show dates. And yes, the entire fiasco was caught on video. It's not clear how the fire started, but reports from the scene and video footage show smoke pouring off the 911. Worryingly, the fire seems to have been inside the Jacob Javits Convention Center, after New York's NBC affiliate reported smoke "spewing" throughout the sprawling facility. Workers can be heard shouting to get away from the burning 993 while at least one brave soul attacked the flaming sports car with a fire extinguisher. Despite the seriousness of the video, an aftershot – shown above – from the guy behind the video, Instagram user Zuumy, shows that there doesn't seem to be that much damage on the surface. The car just looks very, very dusty and dirty. According to WNBC, the New York Fire Department hasn't received any incident reports about the fire. And while it's part of the show, there's no reference to a 993 911 on the DUB Show Tour's Instagram or official page. Bummer, we know. You can check out the video of the blaze below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.