Volkswagen has agreed to pay almost $15 billion to settle lawsuits in the United States stemming from its rigging of diesel emission tests beginning in 2009, sources told Bloomberg.
Under the settlement, which will be filed Tuesday in San Francisco, the automaker will pay $2.7 billion in fines to the U.S. Environmental Protecting Agency and the California Air Resources Board and spend $2 billion on clean-emissions technology, plus set aside $10.03 billion to buy back cars from customers at pre-scandal values and to give owners as much as $10,000 per car for their trouble.
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