The Stuttgart Regional Court dismissed a multi-million euro lawsuit against Porsche AG.
The court ruled following the presentation of evidence.
The dispute stemmed from the 2022 sinking of the 'Felicity Ace' car carrier. The vessel carried thousands of vehicles, including Porsches.
The decision removes a significant potential liability from Porsche's books.
While financial details remain undisclosed, the dismissal eliminates Porsche's legal costs and potential damages from the lost cargo.