German prosecutors imposed a 535 million euro ($598 million) fine on German luxu...
A Porsche logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse
Prosecutors in the southern city of Stuttgart on Tuesday said that the company’s development department had neglected its legal obligations, which ultimately led to the sale of diesel cars that spewed excessive pollution levels. U.S. authorities disclosed Volkswagen’s systematic emissions cheating on Sept. 18, 2015, sparking the biggest business scandal in the company’s history which has cost Volkswagen Group 30 billion euros in penalties and fines.
German prosecutors have pursued individual engineers and took action against the companies for lack of oversight because managers failed to prevent heavily polluting cars from hitting European roads.Porsche confirmed the fine and said that prosecutors’ proceedings against the company had come to an end.
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