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Company: Porsche Cars North America Inc.
Current Parent Company:
Volkswagen
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $36,000,000
Year: 2014
Date: March 19, 2014
Offense Group: safety-related offenses
Primary Offense: product safety violation
Violation Description: Porsche agreed to a settlement said to be worth at least $36 million to resolve multi-district litigation alleging that it knowingly installed faulty plastic cooling tubes in its vehicles.
Level of Government: federal
Action Type: private litigation
Court: Southern District of Ohio
Civil or Criminal Case: civil
Case ID: 2:11md2233
Case Name: In Re: Porsche Cars North America, Inc. Plastic Coolant Tubes Products Liability Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
Source of Data:
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Link to PACER Case Docket (must be logged in):
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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