Volkswagen will pay about $1.2 billion to reimburse US car dealers for losses caused by the emissions-cheating scheme, a person familiar with the matter said.
The agreement, which raises the amount VW will pay to resolve US lawsuits to $16.5 billion, removes one obstacle for the car maker as it seeks to repair its tarnished reputation.
While the company has already settled with car owners and regulators, VW still faces investor claims and possible criminal charges. VW...
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