Porsche fined R8.6bn over diesel cheating

The logo of German car maker Porsche is pictured during the company's annual press conference at the company's headquarter in Stuttgart, southern Germany on March 17, 2017.GERMANY - German sports car maker and Volkswagen subsidiary Porsche will pay a 535-million-euro fine over diesel vehicles that emitted more harmful pollutants than allowed, Stuttgart prosecutors said on Tuesday.

The auto behemoth admitted in 2015 to manipulating 11 million vehicles worldwide to appear less polluting in laboratory tests than they were in real driving conditions. But legal proceedings against individuals, including former chief executive Martin Winterkorn, remain open. In its own statement, Porsche said the negligence punished by prosecutors was identified"several levels below the board".

Source: Car News Wire (carnewswire.net)

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