Bosch expected to settle U.S. VW diesel claims

German auto supplier Robert Bosch GmbH is expected to settle a suit, filed by U.S. owners of polluting Volkswagen diesel vehicles, for more than $300 million, a source briefed on the matter told Reuters today.

Diesel car owners sued Bosch in 2015 claiming the company helped design secret "defeat device" software that allowed VW to evade emissions rules and alleged Bosch was a "knowing and active participant" in Volkswagen's decade-long scheme.

A Bosch spokesman declined to comment. Bosch previously rejected claims made by U.S. owners as "wild and unfounded."

A spokesman for the prosecutor's office says it is still probing Stuttgart-based Bosch for its potential role in the emissions cheating scandal, pursuing an investigation against "unnamed persons."

Reuters reported in 2015 that the U.S. Justice Department was also investigating Bosch's involvement.

Last April, Bosch said it had set aside 650 million euros ($678 million) for potential legal costs, including for a continuing investigation into the company's role in Volkswagen's emissions scandal. More at Autonews.com