Last week a federal judge granted final approval on a $1.22 billion settlement to fix or buy back 80,000 3.0-liter diesel vehicles in the US. Poor Volkswagen.
Oh, don’t get me wrong – I don’t feel bad for them. I just mean they must be poor by now with all these settlements.
A Bosch Settlement Too
In addition, the judge approved a $327.5 million settlement for Bosch for its role in developing the engines.
Bosch has denied any wrong-doing, but the company undeniably supplied VW with the defeat device software which was then used to cheat emissions on millions of 2-liter “clean diesel” engines.
Prosecutors have previously tried to determine if Bosch intentionally conspired with VW, which is a claim Bosch says is “wild and unfounded.”