X
News

Porsche under investigation

  • Documents seized
  • Suspicion of market manipulation
  • Porsche denies allegations
Words By What Car? Staff

Need a valuation?

Obtain a FREE used car valuation for any vehicle.

GB

An article image
An article image

The German authorities have launched an investigation into Porsche's business actions.

Officials with judicial search warrants arrived at Porsche's headquarters in Stuttgart today, and seized numerous business documents during a search of the premises.

The German public prosecutor's office says there is suspicion that the company may have breached the publication duty as required by the German Stock Corporation Act, and furthermore of market manipulation.

Porsche says that it rejects these allegations, and that the company is cooperating with the public prosecutor's office in order to clarify the issue as quickly as possible.