Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

German prosecutors may widen Bosch emissions probe

Published 04/20/2018, 12:07 PM
Updated 04/20/2018, 12:10 PM
© Reuters. Bosch logo is pictured in Renningen

© Reuters. Bosch logo is pictured in Renningen

FRANKFURT (Reuters) - German prosecutors may widen an investigation into auto supplier Robert Bosch [ROBG.UL] over its suspected involvement in emissions test cheating to include dealings with Fiat (MI:FCHA), Ford (N:F), General Motors (N:GM) and Hyundai (KS:005380), according to the Stuttgart public prosecutor's office.

German weekly der Spiegel reported on Friday that the prosecutors suspect Bosch supplied those carmakers with illicit emissions control software.

The prosecutor's office confirmed it had launched preliminary inquiries in connection with Bosch and the four carmakers, but did not provide details.

It has not launched any formal investigations on the matter, a spokesman for the office said.

The prosecutor's office launched an investigation over Bosch's emissions dealings with Volkswagen (VW) (DE:VOWG_p) in 2015, when VW's diesel test-cheating scandal in the United States broke.

It later started separate probes in relation to its suspected involvement in alleged emissions irregularities at Daimler (DE:DAIGn), VW's premium unit Audi and Chyrsler.

Bosch said it could not comment on the details of the investigations.

© Reuters. Bosch logo is pictured in Renningen

"We are taking accusations that diesel software was manipulated very seriously," the company said in a statement, adding it was cooperating fully with the relevant authorities.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.