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October 26, 2016

Judge OKs $14.7 Billion Volkswagen Settlement over Emissions Scandal
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In the largest auto scandal settlement in U.S. history, a federal judge
has approved a $14.7 billion settlement over the Volkswagen diesel
emissions cheating scandal. 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.
Topics:Corporate Power

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