Volkswagen unit Porsche to pay 535 million euro fine over diesel cheating

May 7, 2019 admin Business News Comments Off on Volkswagen unit Porsche to pay 535 million euro fine over diesel cheating

German prosecutors imposed a 535 million euro ($598 million) fine on German luxury carmaker Porsche AG, a unit of Volkswagen, as punishment for lapses in supervisory duties which allowed the company to cheat diesel emissions tests.

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Source:: Reuters – Business News