U.S. judge grants preliminary approval to VW, Bosch settlements

A federal judge on Tuesday granted preliminary approval to a Volkswagen AG settlement to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting U.S. 3.0 liter diesel-engine vehicles.

Separately, U.S. District Judge Charles Breyer in San Francisco also agreed at a court hearing to grant preliminary approval to German auto supplier Robert Bosch GmbH's settlement to pay $327.5 million to U.S. diesel VW owners.

Volkswagen could be forced to pay up to $4.04 billion if regulators don't approve fixes for all vehicles. Breyer will hold a May 11 hearing on whether to grant final approval.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)