By Max Bernhard

German prosecutors have issued a 800 million euro ($925.8 million) fine against Audi AG (NSU.XE) concluding regulatory offence proceedings over the premium-car maker's diesel cars, parent company Volkswagen AG (VOW.XE) said Tuesday.

Volkswagen said the fine will directly impact its full-year earnings, leading major shareholder Porsche Automobil Holding SE (PAH3.XE) to issue a profit warning.

Audi is accepting the fine and "admits its responsibility," the company said.

The fine consists of a penalty for "negligent regulatory offences and the disgorgement of economic benefits," Volkswagen said.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

October 16, 2018 05:26 ET (09:26 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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