Bosch expected to settle US VW diesel claims for $300 million, source says


The Robert Bosch GmbH logo sits on the exterior of Messe Stuttgart exhibition center as automobiles pass in Stuttgart, Germany, on Monday, July 18, 2016.

Michael Nagle | Bloomberg | Getty Images

The Robert Bosch GmbH logo sits on the exterior of Messe Stuttgart exhibition center as automobiles pass in Stuttgart, Germany, on Monday, July 18, 2016.

German auto supplier Robert Bosch is expected to settle a suit, filed by U.S. owners of polluting Volkswagen diesel vehicles, for more than $300 million, a source briefed on the matter said Monday.

Diesel car owners sued Bosch in 2015 claiming the company helped design secret “defeat device” software that allowed VW to evade emissions rules and alleged Bosch was a “knowing and active participant” in Volkswagen’s decade-long scheme. A Bosch spokesman declined to comment.



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