Volkswagen sets aside nearly $9 billion for diesel buybacks & fixes

[NewsBot]

Today, in Germany, Volkswagen held its annual news conference. Among the items that CEO Matthias Mueller discussed was an allocation of roughly $8.8 billion, which will pay for repairs and buybacks of diesel vehicles affected by the Dieselgate emissions-cheating scandal. The sum is part of Volkswagen's 16.2 billion euro ($18.4 billion) write-off...

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