Volkswagen’s Porsche division says it has agreed with prosecutors to pay a 535 million euro (USD598 million) fine for negligent oversight for installing engines that violated emissions standards.
Porsche does not make their own diesel engines and so they used V-6 diesel and V-8 diesel engines from Audi which is also part of the Volkswagen Group. Volkswagen was caught in 2015 using engine control software to cheat on diesel emissions tests. The scandal cost the Volkswagen group 30 billion euros in fines, repairs, and settlements.
Porsche has announced it will stop selling diesel cars and concentrate on just petrol, hybrid and battery-only cars. It said Tuesday this week it would not contest the fine.Former Volkswagen CEO Martin Winterkorn and four others have been charged with fraud in Germany and two executives went to prison in the United States.
