Porsche: reverse gear

Porsche has made a mockery of the German equity market in its attempt to take control of rival Volkswagen over the last two years. The luxury carmaker should not be surprised that regulators are on the prowl at last. Local prosecutors raided Porsche’s Stuttgart offices on August 20 as part of an investigation into possible market manipulation and breach of disclosure rules. Porsche has rejected these allegations. The probe also includes the group’s former chief executive and former chief financ...