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VW settlement would give car owners up to $7,000 each, sources say

VW settlement would give car owners up to $7,000 each, sources say

Volkswagen has agreed to take a series of steps costing about $10.2 billion to settle claims from its unprecedented diesel emissions cheating scandal in the U.S., two people briefed on the matter said Thursday.

Most of the money would go to compensate 482,000 owners of cars with 2-liter diesel engines that were programmed to turn on emissions controls during lab tests and turn them off while on the road, said the people, who asked not to be identified because a judge has issued a gag order in the case.

One of the people said the agreement was tentative and could change by the time the terms are officially announced by the judge Tuesday.

The bulk of the cash would be used...

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