Porsche to pay 535 million euro fine over diesel cheatingChristian Fernsby ▼ | May 7, 2019
German prosecutors imposed a 535 million euro ($598 million) fine on Porsche as punishment for lapses in supervisory duties which allowed the company to cheat diesel emissions tests.
Europe The fine against Porsche follows a 1 billion euro penalty for management
The fine against Porsche follows a 1 billion euro penalty for management lapses imposed against Volkswagen by prosecutors in Braunschweig, and a fine of 800 million euros against Audi by prosecutors in Munich, Germany last year.
U.S. authorities disclosed Volkswagen’s systematic emissions cheating on Sept. 18, 2015, sparking the biggest business scandal in the company’s history which has cost Volkswagen Group 30 billion euros in penalties and fines.
VW, Porsche and Audi all sold diesel engine cars which failed to conform to clean air rules and cheated emissions tests.
German prosecutors have pursued individual engineers and took action against the companies for lack of oversight because managers failed to prevent heavily polluting cars from hitting European roads.
Prosecutors said Porsche had not appealed the findings by the prosecutor. ■