VW Porsche unit accepts US$599 million fine in German diesel probe

Porsche has agreed to pay a fine related to an investigation related to the Volkswagen diesel scandal. (AFP Relaxnews pic)

BERLIN: Volkswagen AG’s Porsche unit settled with Stuttgart prosecutors, agreeing to pay 535 million euros (US$599 million) to end a probe into misconduct related to the set up of its engines.

The car maker said it accepts the fine, which ends the regulatory probe related to a criminal investigation into the rigging of diesel cars.

The brand itself never developed diesel engines but its managers failed to properly supervise their use in the vehicles, Volkswagen’s sportscar unit said Tuesday in a statement.