German car parts maker Bosch said today it will pay out some USD 327.5 million in compensation to US buyers and dealers of Volkswagen-made diesel cars affected by the 'dieselgate' scandal.
Bosch made some elements of the sophisticated software, known as "defeat devices", that VW installed in 11 million diesel engines to minimise emissions during testing.
Bosch said in a statement that a compensation agreement "will reconcile the claims of consumers and dealers against Robert Bosch GmbH, its subsidiaries and management."
The agreement must still be approved by a US federal judge in California.
Disclaimer: No Business Standard Journalist was involved in creation of this content
