The Peak Catch Up: The Week That Was 13 June 2021

The Peak Catch Up: The Week That Was 13 June 2021

A round-up of business and corporate news to digest this weekend!
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Porsche Now Under Scrutiny at Home

Business news

Looks like Germany’s car authority KBA has started a probe against Porsche, suspecting incorrect fuel consumption data for gasoline-powered cars, revealed news portal Business Insider on Thursday.

In an official response by Porsche, it has stated that it made a voluntary notification to the authority as “a pre-cautionary measure” a year ago, regarding conformity issues with individual vehicles.

“The current procedure has already been able to find no conformity deviations in the large majority of vehicles,” a Porsche spokesperson said in an emailed statement. The number of vehicles affected was “far less” than 1% of the Porsche fleet, the spokesperson said, adding no decision had yet been reached and that the proceeding was at an early stage.

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