Bosch Agrees To $327.5 Million Settlement in VW Diesel Emissions Fraud Case

 

February 6, 2017

Automotive supplier Robert Bosch GmBh and Robert Bosch LLC (collectively, “Bosch”) has reached a settlement agreement with Volkwagen, Audi, and Porsche diesel owners concerning the supply and installation of “defeat devices” in 2.0- and 3.0-liter VW, Porsche, and Audi TDI cars and SUVs sold in the United States.

As Autoweek reports, Bosch, while not admitting liability, has agreed to pay owners of the affected vehicles $327.5 million dollars. “Upon careful consideration of all relevant aspects, we have in this case decided to enter into a settlement agreement,” said Dr. Volkmar Denner, Chairman of the Management Board of the supplier. “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.”

Owners of affected VW, Porsche, and Audi vehicles will receive between $350 and $1,500 dollars from Bosch under this settlement, in addition to early lease terminations, buyback, Approved Emissions Modification, and cash restitution from VW, Porsche, and Audi.

Keller Rohrback is pleased to have its Managing Partner Lynn Sarko serve on the Plaintiff’s Steering Committee that negotiated this and other settlements with Volkswagen and other defendants relating to the Defeat Device scandal that became public in September, 2015.

For more information, and to determine your eligibility for the Bosch and VW settlements, visit www.vwcourtsettlement.com.

Transcript of Preceedings – 3L and Bosch Preliminary Approval Hearing – 02/14/2017

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