The fine notice comprehensively ends the administrative offense proceedings of the Stuttgart Public Prosecutor’s Office against Porsche AG.
The fine notice provides for a fine totaling EUR 535 million, consisting of a penalty in the amount of EUR 4 million for a negligent breach of duty by Porsche AG and a levy of economic benefits in the amount EUR 531 million. The amount of the levy share depends largely on the profitability of the company.
According to the investigation results of the…
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