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Volkswagen to pay $14.7 Billion to fix U.S Diesel Cheating

The conclusion is in and it looks like Volkswagen will be paying a hefty price in the Diesel cheating scandal that took place last year. The cost is recorded to be just about $15 billion which is the highest amount ever paid by an automotive company.

The reason why this scandal is such a big deal is because Volkswagen's engines emitted nitrogen oxide pollutants up to 40 times above what is allowed in the US and the customers who bought the vehicles unknowingly contributed to this cause. The owners who are affected by the scandal are eligible to have Volkswagen buy back the vehicle. Depending on the condition of the vehicle and the mileage tacked on it, owners can expect to receive between $12,500 and $44,000.

This just goes to show the lengths at which automotive companies will be penalised if they violate consumer protection and environmental laws.

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