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Former Porsche execs acquitted of stock manipulation charges

A German court acquitted former Porsche CEO Wendelin Wiedeking and former CFO Holger Harter of stock manipulation charges, according to Bloomberg. Prosecutors alleged the men hid plans to takeover Volkswagen while publicly denying their intentions to investors. The presiding judge didn't find any merit to those claims, though. "There is nothing to the allegations, absolutely nothing," Judge Frank Maurer said, according to Bloomberg. "There was no secret plan to take over VW." Rather than Porsche taking over VW, the exact opposite eventually happened, and both execs stepped down. Investigators first indicted Wiedeking and Harter for alleged stock manipulation in late 2012. A court in Stuttgart dismissed the case in 2014 because of a lack of evidence, but an appeals court later overruled that decision. The current trial finally began in October 2015. If convicted, Wiedeking faced up to 30 months in prison, and Harter could have received up to 27 months, Bloomberg reported. Prosecutors also wanted one million euro ($1.1 million) fines from them and 807 million euros ($910 million) from Porsche. The acquittal might not be the end of this long-running case, though. In Germany, prosecutors have the right to appeal a ruling, and the lawyer hasn't made a final decision yet. If the court thinks there's a reason, the former execs could be back in front of a judge at some point in the future.

Porsche looks back on very first 911 Turbo

Porsche has really hit on a winning formula with its series of videos going inside its vault. So far, we've seen the V8 911 prototype, mid-engine test mule and aerodynamic prototype. The company is sticking with the 911 theme in the latest entry, but this time it's an actual production car - the very first 911 Turbo ever made.
Being the first Turbo would make it important enough, but the car was also a birthday present for Louise Piëch, daughter of Ferdinand Porsche and sister to Ferry Porsche, and she regularly used the car. The family didn't just hand her a random car off the assembly line, either. She got to make it her own with some interesting modifications. She supposedly even painted landscapes from inside the car.
You have to wonder what Piëch thought of her present. The early Turbos had a reputation for being a bit of a handful to drive. The boost tended to bring the power all at once, which wasn't always welcome when cornering. She deserves some honor just for driving the car on the curvy, alpine roads. Scroll down to learn about this important Porsche, and we can't wait to see what car the brand showcases next.

Techart tastefully tunes Porsche 911, Cayenne

German tuning haus Techart is making a big showing at the 2016 Geneva Motor Show, introducing modified versions of a number of Porsche products. At the fore, we have the new, all-turbo 911 range. Techart has turned its hand to both the turbocharged 911 and the new 911 Turbo (this will get less confusing, right?) with a range of upgrades covering performance and aesthetics. Techart has boosted the Carrera S from 420 horsepower and 368 pound-feet of torque to 460 ponies and 413 lb-ft of torque. The Turbo S gets a bigger boost, going from 580 hp and 553 lb-ft of torque to 640 hp and 649 lb-ft. It's not clear how Techart has made these gains, aside from the company's "Techtronic" engine management. Surprisingly for an aftermarket tuner at Geneva, Techart's exterior treatments are downright tasteful. There are new front and rear clips and a selection of rear wings, helpfully called Rear Wing I and Rear Wing II, while the diffusers and side skirts are also swapped out. We also dig the center-exit exhaust and its four meaty tips. On the opposite end of the equation, Techart is also modding the Cayenne range. The new Magnum Sport treatment can be applied to the base diesel-powered Cayenne and Cayenne S, the gas-powered GTS, and the Turbo with varying degrees of performance, but it's the force-induced Cayenne we're most interested. In its most potent form, the turbocharged V8 can be boosted from 520 hp and 553 lb-ft of torque to 700 hp and 678 lb-ft. At this level of performance, the Cayenne's sprint falls from 4.4 seconds to just 4.1. That ties the stock Cayenne Turbo S, but it's worth noting the Magnum Sport will do 183 miles per hour to the factory model's 176. Like the 911, there's a slew of aesthetic upgrades regardless of which Cayenne your Magnum is based on. The full body kit isn't as tasteful as the 911. The overall look is far more aggressive and dare we say aftermarket, with plenty of carbon-fiber accents, a very low ride and a serious wide-body look. In particular, the new front and rear fascia present a much more imposing appearance. There's also a carbon-fiber hood, because the aftermarket. We've snapped Techart's modified Cayenne and 911 on the floor of the 2016 Geneva Motor Show. And if you scroll down, there's also the official galleries and press releases for both models. Have a look, and register your opinion in Comments. Related Video: TECHART Personalization for the new Porsche 911 models.