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Judge Approves Record $14.7 Billion Volkswagen Settlement

A U.S. federal judge has authorized Volkswagen AG to pay a record-setting $14.7 billion to resolve the largest auto-scandal settlement in U.S. history U.S. District Judge Charles Breyer in the northwestern city of San Francisco, California signed an order Tuesday that allows the owners of about 475,000 Volkswagens and Audis with 2-liter four-cylinder diesel engines to seek buybacks of their vehicles starting next Tuesday. The agreement, which Judge Breyer described as "fair,...

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