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U.S. judge grants preliminary approval to VW, Bosch $1.5bn settlements

Staff Writer | February 14, 2017
A federal judge granted preliminary approval to a Volkswagen (VW) settlement to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting U.S. 3.0 liter diesel-engine vehicles.
Volkswagen
Dieselgate   Nearly 80,000 polluting cars
U.S. District Judge Charles Breyer in San Francisco also agreed at a court hearing to grant preliminary approval to German auto supplier Robert Bosch GmbH's settlement to pay $327.5 million to U.S. diesel VW owners, Reuters reported.

Volkswagen could be forced to pay up to $4.04 billion if regulators don't approve fixes for all vehicles.

Breyer will hold a May 11 hearing on whether to grant final approval.


 

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