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MarketScreener Homepage  >  Equities  >  Xetra  >  Audi AG    NSU   DE0006757008

AUDI AG (NSU)
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Porsche seeks 200 million euro damages from Audi over dieselgate: Bild

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10/06/2017 | 05:14pm CEST

BERLIN (Reuters) - Volkswagen's (>> Volkswagen) Porsche brand is seeking 200 million euros ($234 million) in damages from its luxury stablemate Audi over costs related to manipulated diesel engines, Bild newspaper reported on Friday.

BERLIN (Reuters) - Volkswagen's (>> Volkswagen) Porsche brand is seeking 200 million euros ($234 million) in damages from its luxury stablemate Audi over costs related to manipulated diesel engines, Bild newspaper reported on Friday.

Porsche's management delivered the claim in written form to counterparts at Audi, the newspaper said without citing its source.

Audi (>> Audi AG) admitted in November 2015 that its 3.0 liter V6 diesel engines used in about 80,000 VW, Audi and Porsche models were fitted with an auxiliary device deemed illegal in the United States.

The German government earlier this year ordered a recall of Porsche's Cayenne sport-utility vehicle (SUV) and prohibited registrations of the model's diesel version.

Porsche wants compensation from Audi for the costs of the retrofits, legal counseling and customer measures, Bild said.

A spokesman for Porsche said VW group-internal issues were not meant for public discussion, without elaborating. Audi declined comment and referred inquiries to Porsche.

(Reporting by Andreas Cremer and Jan Schwartz; Editing by Douglas Busvine and John Stonestreet)

Stocks treated in this article : Audi AG, Volkswagen
Stocks mentioned in the article
ChangeLast1st jan.
AUDI AG -1.37% 722 Delayed Quote.-0.82%
VOLKSWAGEN -1.03% 145.58 Delayed Quote.-13.24%
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Managers
NameTitle
Abraham Schot Chief Executive Officer, Head-Marketing & Sales
Herbert Diess Chairman-Supervisory Board
Alexander Seitz Head-Finance & Information Technology
Berthold Huber Vice Chairman-Supervisory Board
Helmut Aurenz Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
AUDI AG-0.82%0
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FERRARI9.70%21 975
BYD COMPANY LIMITED--.--%18 084