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VW in Advanced Talks for Multi-billion Settlement on US Criminal Probe

Volkswagen and the Justice Department are nearing a deal to resolve criminal and civil allegations over the German automaker's diesel cheating while it won long-awaited approval from the Environmental Protection Agency to fix about 70,000 diesel vehicles, crucial steps toward moving past a scandal that has cost it billions of dollars and its reputation. A successful settlement is critical to the automaker's goal of rebuilding its business in the United States, a market key to its...

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