Fiat Chrysler\, Bosch agree to pay $66M in diesel legal fees: filing

Fiat Chrysler, Bosch agree to pay $66M in diesel legal fees: filing

Reuters  |  WASHINGTON 

By David Shepardson

In a court filing late on Wednesday in in San Francisco, said after negotiations overseen by court-appointed settlement master Ken Feinberg, the agreed not to oppose an award of $59 million in attorneys' fees and $7 million in costs.

The lawyers had originally sought up to $106.5 million in fees and costs.

Under a settlement announced last month, and Bosch, which provided emissions control software for the vehicles, will give 104,000 diesel owners up to $307.5 million or about $2,800 per vehicle for

The legal fees are on top of those costs. Fiat Chrysler and Bosch did not immediately comment late Wednesday.

Fiat Chrysler is paying up to $280 million, or 90 percent of the settlement costs, and Bosch is paying $27.5 million, or 10 percent. The are expected to divide the costs under the same formula, meaning Fiat Chrysler will pay $60 million and Bosch $6 million, the people briefed on the settlement said.

U.S. must still approve the legal fees. He has set a May 3 hearing on a motion to grant final approval.

The Italian-American automaker on Jan. 10 announced it settled with the U.S. Justice Department, and diesel owners over civil claims that it used that produced false results on diesel-emissions tests.

Fiat Chrysler previously estimated the value of the settlements at about $800 million.

Fiat Chrysler is also paying $311 million in total civil penalties and issuing extended warranties worth $105 million, among other costs.

The settlement covers 104,000 1500 and diesels from the model years 2014 to 2016.

In addition, Fiat Chrysler will pay $72.5 million for state civil penalties and $33.5 million to to offset excess emissions and consumer claims.

The hefty penalty was the latest fallout from the U.S. government's stepped-up enforcement of vehicle emissions rules after admitted in September 2015 to intentionally evading emissions rules.

The Justice Department has a pending criminal investigation against Fiat Chrysler.

(Reporting by David Shepardson; Editing by Sonya Hepinstall)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 07 2019. 09:53 IST