Acasă » General Interest » Environment » Bosch reaches 328 mln. USD settlement in VW emissions scandal

Bosch reaches 328 mln. USD settlement in VW emissions scandal

6 February 2017
Environment
energynomics

Bosch has agreed to pay USD 327.5 million to resolve allegations in the US that it played a significant role in Volkswagen’s diesel emissions scandal.

The civil settlement, which includes cash payments to some owners of VW diesel vehicles caught up in the scandal, resolves claims against the German car component maker in the US.

But Bosch, founded in 1886 and one of Germany’s best known companies, is still contending with at least one criminal investigation relating to the VW affair. Prosecutors in Stuttgart, where the private company is based, are investigating an undisclosed number of Bosch employees, according to Financial Times.

Bosch said on Wednesday it would “continue to defend its interests in all other civil and criminal law proceedings . . . in Germany and in other countries”.

VW admitted in September 2015 that the German carmaker had equipped US diesel vehicles with illegal software dubbed a defeat device that served to understate emissions of harmful nitrogen oxides in official tests.

Bosch acknowledged shortly after the scandal broke that it supplied a component — known as electronic diesel control unit 17 — that VW used so its vehicles could cheat in laboratory tests.

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