Germany's Bosch Fined $100 Million Over Diesel Scandal
Prosecutors in Stuttgart said Thursday that the company, formally called Robert Bosch GmbH, was fined for a negligent violation of supervisory obligations, and that the company had decided not to appeal. 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. They said that the fine does not affect ongoing criminal probes of Bosch employees. 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. FILE In this April 27, 2006 file photo, the logo of the Robert Bosch GmbH in front of the company's headquarters in Gerlingen near Stuttgart, southwestern Germany. 327.5 million civil settlement in the United States for supplying emissions software to Volkswagen, Audi and Porsche vehicles that enabled cheating on diesel emissions tests. The diesel emissions scandal has cost Volkswagen itself billions of euros.
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