Shares of Porsche, VW and other European carmakers fall following reports of 'dieselgate' lawsuits in Britain
Publishing timestamp: 2024-06-12 12:41:46
Summary
Shares of German automaker Porsche and other European carmakers fell after reports of facing lawsuits in Britain related to emissions cheating scandal, as well as European Union imposing import tariffs on Chinese electric vehicles. Volkswagen admitted to cheating on emissions tests in the past, costing the company billions in fines and settlements. Other manufacturers like Mercedes-Benz and Ford are also facing allegations of misleading customers about emissions compliance.
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