Munich prosecutors have imposed this fine on Audi as a consequence of it having faked emission numbers on V6 and V8 diesel engines which were also delivered to Porsche AG. This amount will have a direct impact on VW’s 2018 net profit.
As a consequence of the above, Porsche SE will also suffer. It believes that its full-year 2018 net profit number will be between €2.5bn and €3.5bn while we currently see a number of a good €3.4bn. Once VW has released its 9M numbers (these are due on 30 October) ....
16 Oct 2018
€800m fine for Audi
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€800m fine for Audi
Porsche Automobil Holding SE Pref (PAH3:WBO) | 0 0 (0.0%) | Mkt Cap: 7,181m
- Published:
16 Oct 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Munich prosecutors have imposed this fine on Audi as a consequence of it having faked emission numbers on V6 and V8 diesel engines which were also delivered to Porsche AG. This amount will have a direct impact on VW’s 2018 net profit.
As a consequence of the above, Porsche SE will also suffer. It believes that its full-year 2018 net profit number will be between €2.5bn and €3.5bn while we currently see a number of a good €3.4bn. Once VW has released its 9M numbers (these are due on 30 October) ....