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Volkswagen Expected To Pay Another $1 Billion For Emissions Scandal

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Volkswagen Near $4.3 Billion Settlement, Guilty Plea in Emissions Scandal

Volkswagen Near $4.3 Billion Settlement, Guilty Plea in Emissions Scandal*/

– Volkswagen is nearing a $4.3 billion settlement with the U.S. government that would involve pleading guilty to certain criminal charges in the so-called defeat device emissions scandal, the automaker told ABC News.Company management is set to approve the deal — which will also include appointing an independent monitor for the next three years — today or tomorrow, Volkwagen said in a statement.The courts must approve the company’s settlement with the U.S. Department of Justice and U.S. Customs and Border Protection.
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Volkswagen Expected To Pay Another $1 Billion For Emissions Scandal

Volkswagen Expected To Pay Another $1 Billion For Emissions Scandal*/

– BERLIN, GERMANY – OCTOBER 06: The Volkswagen logo stands illuminated outside a VW dealership at night on October 6, 2015 in Berlin, Germany.Volkswagen has admitted that 8 million cars and light trucks in Europe alone are affected by the software the company deliberately installed in order to manipulate diesel emissions results under testing conditions.Since news of the issue broke two weeks ago Volkswagen’s share price has dropped by over 40% and the company faces investigations and fines in countries across the globe.
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Cost to Put the Volkswagen Emissions Scandal to Rest is $3 Billion and an F.B.I Arrest

Cost to Put the Volkswagen Emissions Scandal to Rest is $3 Billion and an F.B.I Arrest*/

– In September 2015, the Volkswagen emissions scandal came to light.The automobile company admitted that it had installed secret software dubbed “defeat devices” in 475,000 2.0-litre cars in the U.S.This software was in order to cheat the exhaust emissions tests so that it can make the cars appear cleaner in the test than they really are.
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