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VW’s U.S. Diesel Settlement Clears Just One Financial Hurdle
The New York Times: Volkswagen solved one big problem stemming from its diesel emissions deception, agreeing on Tuesday to pay up to $14.7 billion to settle claims in the United States.
But the final financial toll — once the company deals with a long list of fines, lawsuits and criminal investigations around the world — may well be far higher. The continuing fallout could leave Volkswagen vulnerable to billions of dollars more in expenses at a time when profit is already under pressure.
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