Volkswagen reaches settlement agreements with private plaintiffs and US Federal Trade Commission on 3.0L TDI V6 vehicles in US
Mercedes-Benz Sindelfingen to produce EQ brand EVs

Bosch reaches $327.5M settlement agreement for 2.0L and 3.0L VW diesels in US

Bosch has entered into a settlement agreement with private claimants in the US in order to settle the most substantial part of the civil law proceedings pending in connection with Volkswagen, Audi and Porsche diesel vehicles that were sold in the US.

The agreement would settle the claims of consumers and dealers of used vehicles against Robert Bosch GmbH, its affiliates, employees, and directors concerning Volkswagen and Audi diesel vehicles with 2.0L engines for model years 2009 through 2015 and Volkswagen, Audi, and Porsche diesel vehicles with 3.0L engines for model years 2009 through 2016. For this purpose, Bosch will pay a total amount of US$327.5 million (approx. €304 million). By entering into the settlement, Bosch neither acknowledges the facts as alleged by the plaintiffs nor does Bosch accept any liability.

The corresponding documents have been filed with the United States District Court for the Northern District of California. The settlement agreement was concluded with the Plaintiffs’ Steering Committee (“PSC”) on behalf of proposed settlement classes.

Upon careful consideration of all relevant aspects, we have in this case decided to enter into a settlement agreement. Bosch is currently undergoing the biggest transformation process in its company history. We wish to devote our attention and our resources to the transition in mobility and in other areas of activity.

—Dr. Volkmar Denner, Chairman of the Management Board of Robert Bosch GmbH

The settlement agreement now reached requires the approval by Judge Charles R. Breyer, who conducts the nationwide multi-district proceedings in which numerous civil law actions have been combined. In a hearing scheduled for 14 February 2017, the Court will consider to grant preliminary approval of the settlement agreement. The class members will then be informed of their rights and options. It is proposed that the Court considers final approval of the settlement agreement in early May.

The settlement agreement concerns only civil law claims. As it has done since allegations have first been made public, Bosch will continue to defend its interests in all other civil and criminal law proceedings and to cooperate comprehensively with the investigating authorities in Germany and in other countries.

Comments

Dr. Strange Love

Bosch. Don't fire the managers and engineers that caused this mess for you. Put them to good use. Send them over to your Appliance affiliation and have them produce a 7+ Cu.Ft. Ventless HeatPump dryer that can compete for less than $750. I guarantee you will not have to waste money on advertisements. Consumers will beat a path to your door.

SJC

The upper managers approved the cheating, not the programmers.

TheOne

Yes but the programmers pulled the trigger. No way they can be seen as innocent. These folks were all in it together.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)