Volkswagen to pay $14.7bn settlement and buy back cars from consumers
by Sam Thielman in New York from on (#1JMZ0)
Department of Justice says carmaker will pay billions to settle claims generated by emissions rigging scandal and buy cars from consumers at pre-scandal prices
Volkswagen has agreed to pay $14.7bn to settle claims generated by its emissions rigging scandal and to buy back cars from consumers at pre-scandal prices, the Department of Justice announced on Tuesday.
Related: Volkswagen's handling of emissions scandal a shambles, say investors
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