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Robert Mueller

Source: VW to pay $1B to diesel owners, buy back some cars

Volkswagen, the U.S. government and private lawyers have reached a deal for the automaker to buy back some of the nearly 600,000 diesel cars that cheat on emissions tests and spend just over $1 billion to compensate owners, according to a person briefed on the matter.

The "deal in principle" includes a maximum amount of spending, but the final details, like how much each owner would get, are still being worked out, according to the person, who asked not to be identified because the deal hasn't been made public.

Some owners would get a choice of having VW repair their cars or buy them back, but that would vary by model year and engine type, the person said. The deal...

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