Germany’s Bosch fined $100m over diesel scandal

  • 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.
  • Bosch delivered millions of engine control systems that were installed on various manufacturers’ cars starting in 2008 and whose software, in prosecutors’ words, “contained in part prohibited strategies” — leading to cars emitting more nitrogen oxide than permitted by regulators.
  • 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.

Original Article

Leave a comment

Your email address will not be published. Required fields are marked *