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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 Boxster and Cayman 4-cyl rated from 240 hp to 370 hp

Car magazine has information on the revised 981.2-series Porsche Boxster and Cayman twins that will inaugurate the all-turbo era for those two ranges. Almost all-turbo, that is - we're told that variants like the Cayman GT4 will continue with the flat-six. The rest, though, will come with a 2.0-liter, horizontally opposed, four-cylinder aided by just one turbocharger, according to Car's sources. Entry-level models will start at 240 horsepower, the S models graduate to 300 hp, the GTS trims get 370 hp. If accurate, the new new outputs will make for a wider power range than at present, and the base and S cars will go down in horsepower. Right now the Boxster gets 265 hp, the Boxster S gets 315 hp, and the Cayman lineup has ten more horsepower than the Boxster across the range but Car doesn't mention that continuing. The only gains come with the GTS models: the Boxster S will go up by 40 hp, the Cayman by 30 hp. To keep turbo lag from being an issue, Porsche could install some sort of e-boost to work while the turbo spools up "as a short-to-mid-term option." It is also possible that the Cayman will be sold as the entry-level vehicle in some markets at a lower price than the Boxster. The swap is planned to help Cayman sales, which have lagged the Boxster since launch. A 2016 unveil is predicted, perhaps at the Detroit Auto Show or Geneva Motor Show. Related Video:

Porsche 918 Spyder goes ice drifting in Finland

Along with the Ferrari Laferrari and McLaren P1, the Porsche 918 Spyder is one of the trio of hybrid supercars potentially defining the path for these rarified vehicles going forward. When thinking about high-performance machines like this, the mind usually goes to precise driving around a circuit or maybe along a beautifully undulating road... not so much in the snow. Still, this group has more than enough power to make it through a little bit of powder, and the 918 proves that at the Porsche Driving Experience winter camp in Finland. Although, the set of studded snow tires certainly helps. Even with the trick all-wheel drive system in the Porsche combining a mid-mounted V8 and electric motors, this 918 has absolutely no problem lighting up the rear end in the snow and ice. Even at relatively low speeds, just a blip of the throttle is all it takes for the back tires to step out. However, the handling still looks quite controllable. It's hard to grin as this rare supercar does the Scandinavian Flick to set up a perfect drift between the snow banks.