Motoring News, Motoring News, Motoring News

Porsche Fined €535 Million Over Diesel Cheating

German sports car manufacturer and Volkswagen subsidiary Porsche will pay a €535 million fine over diesel vehicles that emitted more harmful pollutants than allowed, according to Stuttgart prosecutors.

“The fine against Porsche AG was levied for negligence in quality control,” the investigators said. Porsche “abstained from a legal challenge” against the decision, the prosecutor’s office added.

The new penalty against Porsche is the latest in a string of fines against the Volkswagen group over its years-long “dieselgate” scandal. The company admitted in 2015 to manipulating 11 million vehicles worldwide to appear less polluting in laboratory tests than they were in real driving conditions.

Following fines against the Volkswagen brand, high-end subsidiary Audi and now Porsche, no further investigations over “administrative offences” remain open against the group, according to a spokesman. But legal proceedings against individuals, including former chief executive Martin Winterkorn, remain open.

Meanwhile, thousands of investors are suing the company for the losses they suffered on its shares when news of the scandal broke, while hundreds of thousands of drivers are also demanding compensation.

So far, the total costs of “dieselgate” for the Wolfsburg-based car giant have risen to €30 billion.