Porsche To Pay 535 Million Euro Fine Over Diesel Affair
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German prosecutors have imposed a fine of 535 million euros ($598.99 million) on German luxury carmaker Porsche AG for neglecting supervisory obligations linked to diesel emissions cheating, they said in a statement on Tuesday.
Prosecutors in the southern city of Stuttgart said that the company’s development department had neglected its legal obligations, which ultimately led to the sale of diesel cars in Europe as well as other regions that did not comply with emissions rules.
Porsche, a subsidiary of Germany’s biggest carmaker Volkswagen, has not appealed, they added.
Porsche confirmed the fine and said that prosecutors’ proceedings against the company had now come to an end.
Questions & Answers
Q.Why was Porsche fined this amount by the German prosecutors?
Why was Porsche fined this amount by the German prosecutors?
German prosecutors imposed the fine on Porsche AG for neglecting supervisory obligations. This neglect was linked to the diesel emissions cheating scandal that affected some of their vehicles.
Q.What specific actions led to Porsche receiving this penalty?
What specific actions led to Porsche receiving this penalty?
The company's development department neglected its legal obligations. This led to the sale of diesel cars in Europe and other regions that did not comply with emissions rules.
Q.Has Porsche chosen to challenge the fine issued by the Stuttgart prosecutors?
Has Porsche chosen to challenge the fine issued by the Stuttgart prosecutors?
No, Porsche has confirmed the fine and decided not to appeal against the decision. The company stated that the prosecutors’ proceedings against them have now concluded.
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