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Former Porsche execs charged with stock manipulation in Germany

The ongoing indictment of top Porsche executives for alleged stock manipulation during the attempted takeover of Volkswagen has taken years to reach an actual decision, but a trial date has finally been set for October 22. In addition to former CEO Wendelin Wiedeking (pictured above) and ex-CFO Holger Haerter, prosecutors have also added Anton Hunger, who was communications boss at the time, to the list of those charged, according to Reuters. The men purportedly made false statements to investors about plans to acquire 75 percent of VW stock. The prosecutor also dropped charges against Ferdinand Piech and Wolfgang Porsche in the same case, Reuters reports. The two Porsche family members were on the company's board at the time, but investigators found that they had no role in making the false statements. If found guilty, the former Porsche execs could face up to five years in prison. As expected, lawyers for Wiedeking and Haerter have repeatedly denied any wrongdoing by their clients. The investigation into Porsche SE's actions during the failed VW takeover go back to at least 2009 when the firm's offices were raided. Wiedeking and Haerter were eventually indicted in 2012. A Stuttgart court initially dismissed the case for lack of evidence, but in 2014 that decision was reversed on appeal. At the same time, investors have brought multiple civil lawsuits against the company, but none of those cases have been successful.

Hyundai, Porsche top J.D. Power APEAL study

Just as they did in the Initial Quality Study, Porsche and Hyundai have taken the premium and non-premium crown, respectively, for the 2014 J.D. Power APEAL study. This is the tenth consecutive year for that Porsche has been rated the best premium make in the APEAL study, which attempts to figure out how pleased owners are with their purchases. For 2014, it asked 86,000 owners of MY2014 cars to rate their vehicles in 77 different categories 90 days after their initial purchase. The resulting figures were plugged in deliver the APEAL score, which is rated on a 1,000-point scale. The industry average sits at 794 points for 2014, although that's a one-percent decline over last year's rating. In this year's study, premium brands averaged 840 out of 1,000, while non-premium makes average 785. For their part, Porsche netted an impressive 882 points, while Hyundai earned an 804. Interestingly, only four non-premium brands (Hyundai, Ram, Volkswagen and Mini) finished above the industry average for 2014. It's also interesting to see the clear delineation between premium and non-premium brands, with an eight-point gap between the non-premium champ, Hyundai, and the lowest-rated premium brand, Volvo. Porsche and Hyundai weren't the only automakers to take home recognition. Dodge managed to tie Porsche for the most segment awards, with three. The Challenger, Charger and Dart all topped their market. There were a number of two-segment winners, as well, with Audi, Ford, Mercedes-Benz and Nissan capturing a pair of segments each. Scroll down for the full press release from JD Power on this year's winners. Automakers Struggle to Impress Owners with Increased Usefulness of In-Vehicle Technologies And Features on All-New and Redesigned Models Dodge and Porsche Each Receive Three Segment-Level Awards; Audi, Ford, Mercedes-Benz and Nissan Each Receive Two WESTLAKE VILLAGE, Calif.: 23 July 2014 - Although manufacturers are putting more and more technologies and functionality in their new and redesigned models, satisfaction with these features is not significantly higher among owners of those models than among owners of carryover models, according to the J.D. Power 2014 U.S. Automotive Performance, Execution and Layout (APEAL) StudySM released today. The APEAL Study, now in its 19th year, serves as the industry benchmark for new-vehicle appeal. Owners evaluate their vehicle across 77 attributes, which combine into an overall APEAL score that is measured on a 1,000-point scale.

Porsche 911 Carrera gets turbocharged engine for under $90k

There's a new Porsche 911 Carrera blowing into dealerships in March of 2016, and it will be the first such model from the German automaker to boast a turbocharged engine. Making 370 horsepower and 331 pound-feet of torque from 3.0 liters of displacement, the new flat-six engine in the base Carrera is 20-hp stronger than it was in 2015. Carrera S models bump the power level to 420 ponies and 368 lb-ft thanks to tweaked tuning parameters. The added grunt makes these the fastest 911 Carrera models ever, with Porsche touting a 7:30 lap – a full 10 seconds faster than before – of the famed Nurburgring track in Germany as proof. Those who only care about going fast in a straight line will be delighted by the 4.0-second 0-60 time of the base Carrera and even more impressed by the S model's 3.7-second run. Top speeds are 183 and 191 miles per hour, respectively. A seven-speed manual transmission is standard, and Porsche's Doppelkupplung (PDK) automated manual gearbox is optional. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. When equipped with the Sport Chrono Package, the 911 Carrera features a new mode switch on the steering wheel with settings for Normal, Sport, Sport Plus, and Individual. Porsche Active Suspension Management is standard on all models, and, in another first for a Carrera, rear-wheel steering is optional. Efficiency hasn't been forgotten for 2016, either. Porsche says its new 911 Carrera models will be as much as 12-percent more fuel economy with their new turbocharged engines. Tech buffs will surely appreciate the new Porsche Communication Management infotainment system, which features multi-touch gesture capability and handwriting recognition right on the seven-inch display. Apple CarPlay is also supported, and Google Earth and Streetview are new to PCM for 2016. The 2017 Porsche 911 Carrera is slated to hit the States with an MSRP of $89,400 (we assume that won't include destination, which in 2015 equals $995), which is about $5,000 more expensive than the 2015 model that's currently available. The 2016 Carrera S will carry a sticker price of $103,400, which is a $4,500 increase. Cabriolet models will run from $101,700 to $115,700. Porsche will show its latest 911 Carrera off at the upcoming Frankfurt Motor Show, but you can read all the details right now in the press release below.