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Volkswagen's U.S. diesel emissions settlement to cost nearly $15 billion - source

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Reuters WASHINGTON
Last Updated : Jun 28 2016 | 2:28 AM IST

WASHINGTON (Reuters) - Volkswagen AG's settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at nearly $15 billion, a source briefed on the matter said on Monday.

The settlement, to be announced on Tuesday, includes just over $10 billion to offer buybacks to owners of polluting vehicles and nearly $5 billion in funds to offset excess diesel emissions and boost zero emission vehicles, the source said.

(Reporting by David Shepardson, editing by G Crosse)

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First Published: Jun 28 2016 | 2:18 AM IST

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