Porsche reaches settlement with US prosecutors | free press

On Thursday, when asked, the company confirmed that Porsche had entered into a settlement to settle civil claims. Claims by class members include potential fuel economy and emissions discrepancies. According to court documents, Porsche will pay US car owners at least $80 million as part of the settlement.

The sports car maker, which belongs to the Volkswagen Group, was initially targeted by US prosecutors in 2020 over media reports about irregularities in gasoline engine emissions values. The driving force was the large law firm Liv Capraser, which actually played an important role in the Volkswagen “Dieselgate” scandal. After US class action lawsuits initially focused on potential exhaust gas tampering, the settlement that has now been reached is finally related to alleged misinformation about fuel consumption.

In its statement, Porsche confirmed that it had not admitted the accusations made by the prosecutors in these proceedings. “The agreement resolves the issue,” the company said. The comparison applies only to cars sold in the United States. In Germany, the Federal Motor Transport Authority began proceedings in 2021. According to court documents, there are about 500,000 Porsche cars built between 2005 and 2020 in the United States, and their owners are said to receive compensation of up to $1,110 per car. (dpa)