WASHINGTON, D.C.: Volkswagen’s cost for ending civil lawsuits over its emissions-cheating scandal has grown to $15 billion, Bloomberg News reported on Monday (Tuesday in Manila) on the eve of the automaker’s court deadline to file a settlement.
Last week, a person close to the matter told Agence France-Presse that the German automaker would file a proposed settlement of $10.3 billion. That included compensation payments to owners of the some 480,000 2.0 liter diesel cars secretly outfitted with illegal emissions-spoofing devices as well as funding for a program to fight air pollution.
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