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Germany's Bosch Fined $100 Million Over Diesel Scandal

28 May 2019
Germany's Bosch Fined $100 Million Over Diesel Scandal
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German prosecutors have fined auto parts and technology company Bosch 90 million euros ($100 million) over its role in the diesel emissions scandal that erupted at Volkswagen in 2015.
 
Prosecutors in Stuttgart said Thursday that the company, formally called Robert Bosch GmbH, was penalized for a irresponsible violation of supervisory obligations, and that the company had resolved not to appeal.
 
Bosch shipped millions of engine control systems which were installed on various manufacturers' cars beginning in 2008 and whose software, in prosecutors' words, 'contained in part prohibited strategies' — resulting to cars emitting more nitrogen oxide than permitted by regulators.
 
Nonetheless, prosecutors said they suspect that 'the initiative to integrate and shape the banned strategies came from employees of the auto manufacturers.'
 
They said that the fine does not affect ongoing criminal probes of Bosch employees. The bulk of the fine — 88 million euros — stems from profits on the sales of the parts, with the remaining 2 million euros covering the misdemeanor itself. Prosecutors said that they took account of Bosch managers' full and positive cooperation with investigators since 2015.
 
Bosch agreed with a $327.5 million civil settlement in the United States for supplying emissions software to Volkswagen, Audi and Porsche vehicles that enabled cheating on diesel emissions tests.
 
The diesel emissions scandal has cost Volkswagen itself billions of euros.
 
This article is originally posted on TRONSERVE.COM

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