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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.

The settlement was announced back in December 2016. Owners who opt to get their engines fixed can expect compensation between $7,000 and $16,000.

VW Cash Reserves (Image under CC 2.0 from Pictures of Money)

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.”

Read More on Reuters