Porsche admits to 15 years of cheating & fraud in the US

A U.S. judge on Wednesday granted final approval to a class-action settlement worth at least $80 million to resolve claims VW Group and its Porsche unit skewed emission and fuel economy data on 500,000 Porsche vehicles in the United States. Porsche is the largest IPO ever carried out in Europe in terms of a market capitalization of around 78 billion euros.

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