VW SCANDAL: BOSCH AGREES $327.5m PAYOUT

bosch_logoOE parts maker Bosch has agreed to compensate U.S VAG Group diesel car owners and used car dealers in the fallout of the emissions scandal. The agreement follows a class action from a number of people affected.

The company has agreed to pay out on 2.0l engines fitted to VW and Audi vehicles and 3.0l engines, which were also fitted in some Porsches. The total of the settlement comes to US $327.5m.

In a statement, the company stresses that it doesn’t acknowledge the facts as alleged by the plaintiffs, nor does it admit liability.

“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”, said Dr. Volkmar Denner, Chairman of the Management Board of Robert Bosch.

The settlement requires approval by a judge in the U.S. Once a hearing has gone ahead, those involved will be informed of their rights and options. It is proposed that the Court considers final approval of the settlement agreement in early May.

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

Delphi Academy to undergo £500,000 expansion

The Warwick-based academy will double in size, adding new classrooms and technical areas

Read More

Temporary exemption MOT certificates announced in Northern Ireland

Certificates announced in a bid to reduce MOT waiting times

Read More

Movers & Shakers: new sales director at Shaftec

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

BullsEye Superfactors sold to employee-owned trust for eight-figure sum

The £4.5 million deal for the South Yorkshire firm will “safeguard the future of our business”, boss Adrian Wesbroom said

Read More

IAAF launching first summer conference in over 20 years

The conference will focus on addressing issues around skills, training and recruitment in the automotive aftermarket

Read More

Go to comments

Your email address will not be published. Required fields are marked *