Porsche must pay investors 47 million euros

Porsche SE owes 3.2 million euros to a pension fund of the British city of Wolverhampton and 44 million additional euros to several other investors.

The group may appeal this decision. Porsche SE holds 52% of the voting rights of the Volkswagen Group, where the Porsche car brand is ranked under

"There are years of profitable warnings"

Volkswagen Group CEO, Martin Winterkorn, was also at the time of the diesel scandal According to the Stuttgart judge, Porsche SE and with it could also be informed of the fraud.

Porsche SE had to issue a profit warning much earlier in May 2014. The fraud had financial consequences for the Volkswagen Group and consequently also for Porsche SE, according to the judge. Diesel fraud was made public only in September 2015.

Dieselgate

In mid-September 2015, the price of Volkswagen action has not only dropped, but that of Porsche action also dropped.

It is after the price has been known

Porsche SE is listed on the stock exchange in the same way as the Volkswagen Group

Draft Law

The cost of the scandal of Volkswagen diesel billion in damages and fines in different countries. Billions have also been spent for changes within the company, and even more so for electric driving.