Monday , September 23 2019

Bosch to pay $100m to settle German diesel-engine probe

Bloomberg

Robert Bosch GmbH agreed to pay 90 million euros ($100 million) to end a probe by German prosecutors into rigged diesel engines, following much more costly settlements by its customer Volkswagen AG.
Bosch is being fined for “negligent breach of supervision duties,” the prosecutor’s office in Stuttgart said in an emailed statement. The company supplied about 17 million engine-control devices to German and international automakers since 2008 that partly included illegal software functions, according to the statement.
The unlisted German car-parts giant supplied engine-control systems to VW that were used in the engines at the heart of the diesel-emissions scandal that shattered the world’s largest automaker in September 2015. It’s also involved in ongoing probes into diesel technology at manufacturers including Fiat Chrysler NV and General Motors Co.
VW has now ended all probes by German prosecutors against its units over the sale of rigged cars. It last year settled with Braunschweig investigators for 1 billion euros and Audi followed by paying 800 million euros to Munich prosecutors. The overall impact of the diesel crisis has now reached 30 billion euros
at Volkswagen.

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