The Stuttgart Public Prosecutor’s Office today issued a fine notice against Porsche AG in connection with deviations from regulatory requirements for certain vehicles. The fine notice comprehensively ends the administrative offense proceedings against Porsche AG.
The total fine is €535m (US$600m), including €4m (US$4.5m) for a negligent breach of duty by Porsche and a levy of economic benefits in the amount €531m (US$595m). The amount of the levy share depends on the profitability of the company.
According to the investigation results, negligent breaches of supervisory duties occurred in a department responsible for exhaust gas-related vehicle testing in relation to their regulatory conformity. According to the Stuttgart Public Prosecutor’s Office, the violations of supervisory duties were contributory to partial deviations of Porsche vehicles from regulatory requirements in the period from 2009.
Porsche AG has not filed appeal against the fine notice for negligent breach of duty. The procedure against Porsche AG is therefore concluded.