Bosch obtains final approval of diesel vehicle settlement in the U.S.
Bosch announced it has obtained the final approval of a settlement agreement between the company and civil claimants in the United States. The agreement resolves the most substantial part of the civil law proceedings pending against Bosch in connection with Volkswagen, Audi and Porsche diesel vehicles that were sold in the U.S.
The settlement has been formally approved now by Judge Charles R. Breyer of the United States District Court of the Northern District of California, who concluded that it is fair, adequate, and reasonable to the class members.
The agreement covers Volkswagen and Audi diesel vehicles with 2.0L engines (model years 2009 – 2015) and Volkswagen, Audi, and Porsche diesel vehicles with 3.0L engines (model years 2009 – 2016). For this purpose, Bosch agreed to pay US$ 327.5 million, without acknowledgement or acceptance of any liability.
The settlement received overwhelming support from the plaintiffs. Of the approximately 589,000 class members, only 640 chose to exclude themselves from the settlement, and only four objected.