Bosch confirmed the settlement and said 2 million euros of the fine are for the alleged regulatory offense and 88 million euros for the disgorgement of economic benefits. (Photo: Oliver Bunic/Bloomberg)
(Bloomberg) — Robert Bosch GmbH agreed to pay 90 million euros ($100 million) to end a probe by German prosecutors into rigged diesel engines, following much more costly settlements by its customer Volkswagen AG.
Bosch is being fined for "negligent breach of supervision duties," the prosecutor's office in Stuttgart said Thursday in an emailed statement. The company supplied about 17 million engine-control devices to German and international automakers since 2008 that partly included illegal software functions, according to the statement.
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