mo4ch:>Luxury carmaker Porsche fined over diesel cheating | Mo4ch News

German prosecutors have ordered Volkswagen (VW) subsidiary Porsche to pay a €535 million ($598 million) fine for its part in the “Dieselgate” scandal.Prosecutors in the southern city of Stuttgart said on Tuesday 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.The carmaker had “abstained from a legal challenge” against the decision, they said. The fine does not hinder ongoing proceedings against individual people in relation to Porsche’s diesel manipulations, according to the prosecutors.Also on rt.comVolkswagen’s ex-boss charged with fraud in Dieselgate scandalPorsche confirmed the fine and said that prosecutors’ proceedings against the company had come to an end. It added that the cost of the fine was included in a provision for around €1 billion ($1.2 billion) booked by VW in the first quarter.The fine against the sports car maker follows €1 billion ($1.2 billion) pe…