Bosch to disclose provisions in May over role in Dieselgate
Stuttgart
ROBERT Bosch GmbH will disclose provisions in May for costs related to its involvement in Volkswagen AG's diesel-emissions scandal as the German car-parts supplier continues its probe into possible misconduct by employees.
"We started investigations right away in September 2015 and want to know in-depth what has happened," chief executive officer Volkmar Denner told journalists last week in Bosch's home city of Stuttgart, Germany.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring