Porsche fined €535M over diesel emissions scandal

Tuesday, 07. May 2019 13:45

Volkswagen's high-performance sports car brand Porsche AG was fined €535 million on Tuesday by the prosecutor in Frankfurt over its negligent breaches of conduct in the development department, in connection to the diesel emissions scandal. Porsche accepted the fine.

In April last year, German prosecutors conducted raids and questioned former and current managers at Porsche on fraud and misleading advertising allegations, as a part of an investigation into the diesel emissions scandal from 2015 that hit its parent company. During the probe, an executive at Porsche who leads powertrain development, Jörg Kerner, was arrested.

Porsche's CEO Oliver Blume said last September that the automaker never produced diesel engines, however, some models had used Audi's diesel engines. The fine is based on the assessment that Porsche cars with V6 and V8 diesel engines would not have met the emissions requirements.

Volkswagen was already fined with €1 billion and accused of selling vehicles with fraudulent diesel emissions software built in. Audi's fine was €800 million.

Related Links: Porsche Automobil Holding SEVolkswagen AG
Author:
Baha Breaking the News (BBN) / NI