Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Porsche Cayenne diesel emissions exceed legal limits: Spiegel

Published 06/09/2017, 02:06 PM
Updated 06/09/2017, 02:10 PM
© Reuters. FILE PHOTO: An illuminated Porsche logo is pictured on a building of a Porsche retail centre in Niederwangen

FRANKFURT/HAMBURG (Reuters) - Diesel models of Volkswagen's (DE:VOWG_p) sports car maker Porsche (DE:PSHG_p) have much higher emissions than is legally allowed, German weekly Der Spiegel reported on Friday, citing test results.

The magazine asked German test institute TUV Nord to check emission levels for the Porsche Cayenne V6 TDI, an SUV model, under normal driving conditions.

"Emissions in this test were higher than the limits for this type of car," the magazine quoted the head of testing at TUV Nord Helge Schmidt as saying.

"With these values the car would not have been approved by the authorities," Schmidt said.

Porsche said in a statement that it had received and studied the test results from Spiegel. "For us they are not comprehensible," Porsche said.

The company said that emissions depend on several conditions such as engine load, speed and temperature.

There has been growing scrutiny of diesel vehicles since Volkswagen admitted in September 2015 that up to 11 million of its vehicles worldwide had software installed that cheated emissions tests.

VW was sentenced in April after pleading guilty in the emissions scandal. VW has agreed to spend up to $25 billion in the United States to address claims from owners, environmental regulators, states and dealers and offered to buy back about 500,000 polluting U.S. vehicles.

Volkswagen's Audi unit is also under investigation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.