COST PROVISIONS
Bosch to reveal VW emissions scandal provisions in probe
Bosch supplied control software for the 2-and 3-litre diesel motors at the heart of Volkswagen’s emissions-test cheating scandal
Stuttgart — Robert Bosch will disclose provisions in May for costs related to its involvement in Volkswagen’s diesel-emissions scandal as the German supplier of car parts continues its probe into misconduct by employees. "We started investigations right away in September 2015 and want to know in-depth what has happened," CE Volkmar Denner said. "We had internal compliance systems before, of course, and we’re constantly reviewing them," Denner said. Bosch supplied control software for the 2-and 3-litre diesel motors at the heart of Volkswagen’s emissions-test cheating scandal, though its exact involvement remains unclear. Bosch reached an agreement in principle in December to largely resolve class action litigation at a US federal court in San Francisco, but details will not be disclosed until a deal has been signed off by the judge. Denner confirmed details of the settlement are due to be presented to the judge at the end of January. The manufacturer is set to outline the provisions...
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