Connect with us


Judge Approves $80 Million Settlement Over Porsche’s Diesel Emissions Cheating



Porsche Cayenne Diesel

Photo: Porsche

Over the summer, Porsche and its parent company Volkswagen AG agreed to a settlement worth at least $80 million to settle a lawsuit over its diesel emissions cheating scandal. Today, Reuters reports a judge finally approved the settlement that involves around 500,000 diesel-powered Porsches built between the 2005 and 2020 model years. Porsche will also have to pay an additional $24.5 million to cover plaintiffs’ lawyer fees and costs.

“Owners of eligible vehicles will receive payments of $250 to $1,109 per vehicle,” Reuters reported back when the story broke. Only U.S. Porsche owners will be eligible for the payments outlined in the settlement.

So far, the diesel emissions cheating scandal has cost Volkswagen AG more than $20 billion in total after it was accused of physically altering vehicles used in emissions testing and using software engine management software to trick regulators into believing its diesel vehicles actually complied with emissions requirements. Those test vehicles reportedly ran cleaner and got better fuel economy than the ones Volkswagen sold to customers across its portfolio of brands.

To receive their compensation, owners will need to have their vehicles updated with new software that brings them into compliance with U.S. emissions regulations.

Volkswagen isn’t the only automaker to be accused of selling vehicles with diesel engines that didn’t meet U.S. emissions regulations. A few months ago, Stellantis was ordered to pay $300 million as part of a criminal plea bargain over its own diesel emissions scandal. And that’s on top of the $800 million it had already paid. Similarly, Hino, a Toyota subsidiary, admitted earlier this year that it had falsified emissions data.

Hopefully, the fines, settlements, and general overall cost have been high enough to make sure other automakers don’t try the same thing.

Continue Reading

Recent News

Exhibition Game Exhibition Game
How to1 day ago

How to Choose the Ideal Exhibition Game for Your Event

Hosting an event involves a multitude of decisions, from the venue to the catering, but one aspect that can make...

Boiler Boiler
Guide3 days ago

When Is the Best Time to Replace a Boiler?

A boiler is a workhorse that works around the clock. It provides heat and warm water whenever needed. While horses...

Grammar Grammar
Tech3 days ago

Grammar Checkers Unleashed: Enhancing Writing Precision and Efficiency

In the present computerized age, the ascent of simulated intelligence innovation has presented new difficulties in regards to the genuineness...

Crypto Staking Crypto Staking
Crypto7 days ago

Is it Possible To Make Money On Crypto Staking in 2024?

In the modern world, cryptocurrencies and blockchain technologies are becoming increasingly popular, attracting the attention of investors and users from...

Lake Como Lake Como
Wedding7 days ago

How to Choose the Right Location for a Marriage Proposal in Italy and Lake Como

Proposing marriage is a unique and memorable moment in a couple’s life. Choosing the right location is crucial to creating...

Personal Injury Lawyer Personal Injury Lawyer
Law1 week ago

Finding the Best Personal Injury Lawyer in Lumberton, NC

Personal injury law is designed to protect individuals who have been harmed due to the negligence or wrongful actions of...

WhatsApp Business WhatsApp Business
Business2 weeks ago

Running WhatsApp Business with Pro+VPS for Android Emulator

WhatsApp Business is one of the most powerful tool for Business to manage customers communication. Running it can enhance the...

Civil Partnership Visa Civil Partnership Visa
Finance2 weeks ago

Civil Partnership Visa vs Spouse Visa: Which One is Right for You

Choosing the right visa to join your partner in the UK can be confusing. Two common options are the Civil...

Crypto Crypto
Crypto2 weeks ago

Staked Crypto – A Step-by-Step Guide for Beginners

Ethereum staking has become an increasingly popular way for cryptocurrency holders to earn passive income through staking rewards. In this...

Ethereum Staking Ethereum Staking
Crypto2 weeks ago

Maximizing Ethereum Staking Rewards: Tips and Tricks

Are you looking to maximize the potential of your Ethereum holdings? Stake Ethereum using OkayCoin and take advantage of the...