Free Republic

Porsche unveiled a new V-8 engine at the 37th Vienna Motor Symposium that will eventually power the range-topping variants of the upcoming second-generation Panamera and the next Cayenne SUV. In addition to powering the larger vehicles in Porsche’s lineup, the new V-8 will also be used by other Volkswagen Group brands including Audi and Bentley. Featuring two twin-scroll turbochargers, the new 4.0-liter V-8 is rated at 550 hp and 568 lb-ft of torque (up from 520 hp and 516 lb-ft), which puts it just shy of the current 4.8-liter twin-turbo V-8 utilized in the 570-hp Porsche Panamera Turbo S. Despite...

Porsche heaquarters was raided by German investigators Thursday due to suspicions of insider trading by former CEO Wendelin Wiedeking, who was ousted last month following an epic takeover battle in which the luxury carmaker almost swallowed Volkswagen─Europe's largest carmaker, which is more than 10 times Porsche's size─before VW turned the tables. It is now set to gobble up Porsche instead. In trying to buy up Volkswagen, Wiedeking had accumulated 43 percent of VW's shares but secretly held options on another 32 percent. Porsche did not disclose the options until October 2008, roiling the markets. The company said yesterday that the...