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June 28, 2016

Volkswagen Agrees to Pay $14.7 Billion over Emissions Cheating Scandal
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Volkswagen has agreed to pay up to $14.7 billion over its diesel
emissions cheating scandal, marking one of the largest consumer class
action settlements in U.S. history. The payouts include buybacks for
impacted vehicles and cash compensation to U.S. car owners. Volkswagen
has admitted to rigging some 11 million vehicles worldwide. U.S.
regulators say Volkswagen vehicles were emitting up to 40 times more
pollution than standards allow.


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