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PORSCHE

Sea takes Porsche for joy ride off French beach

A Porsche driver in France has learned the hard way to never turn his back on the tide.

Published: 9 June 2016 16:17 CEST

A Porsche was swallowed up by the tide in Arcachon on the western coast of France on Wednesday.

The Porsche S4 Panarema, which costs €120,000 to buy new, had been legally parked on an access ramp to the sea before it was swept in by the waves, reported the Sud-Ouest newspaper.  

See a video below.

The scene, which was captured on camera by photographer David Ollero, has since caused quite the buzz on French social media.

A local boating union tweeted (below) “We're right here if you wanted to take a boat tour”.

It also made headlines in Switzerland, which is where the car was registered.

The car was towed from the water before it got swept too far, and was taken to a nearby garage, where the owner learned that it wouldn't be possible to drive it home due to the water damage. 

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TAXES

German prosecutors raid Porsche in corruption probe

Prosecutors in Stuttgart said they raided German sports car maker and Volkswagen subsidiary Porsche on Tuesday on suspicion that an auditor was bribed to pass information to the company's tax advisor.

Published: 28 May 2019 13:52 CEST
German prosecutors raid Porsche in corruption probe
Porsche cars for sale in Bremen. Photo: DPA

The investigators suspect that “an official from the Stuttgart business audit office revealed confidential information to a tax advisor of Porsche AG and accepted benefits in exchange,” they said in a statement.

Almost 200 police and prosecutors searched the luxury car maker's offices, tax collectors' offices, a tax advisor's office and private homes in and around Stuttgart for paper and digital documents.

On top of the bribery probe, investigators suspect the company made “unjustified” and “disproportionately large” payments to a former works council member.

Six people, including some from the company leadership, “may have committed fraud against Porsche AG” they said.

Porsche confirmed to AFP that the searches had taken place, adding that the carmaker “is cooperating fully with the authorities.”

On top of the bribery probe, investigators suspect the company made
“unjustified” and “disproportionately large” payments to a former works
council member.

They “may have committed fraud against Porsche AG,” said prosecutors.

The former works council member was not one of the people under suspicion, prosecutors said.

Earlier this month, Porsche agreed to pay a fine of €535 million over its role in the separate “dieselgate” emissions cheating scandal.

Its parent company Volkswagen admitted in 2015 to manipulating 11 million vehicles worldwide to appear less polluting in the lab than on the road.

SEE ALSO: Luxury carmaker Porsche fined 535 million over diesel cheating scandal

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