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Volkswagen Reaches $1B Deal with US, California Over Emissions Cheating

Volkswagen reached a deal Tuesday with the U.S. and the state of California over allegations that it cheated emissions tests on some diesel-powered cars — a deal expected to cost the automaker more than $1 billion. Under the partial settlement with the Justice Department, the Environmental Protection Agency and California, Volkswagen must buy back or fix 83,000 cars from model years 2009 through 2016, including Porsche and Audi models built in Volkswagen plants. Volkswagen still faces...

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