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VW said to risk missing court deadline for diesel accord

Volkswagen AG will probably miss a Thursday court deadline to reach a comprehensive agreement with U.S. authorities over its tainted diesel engines, possibly exposing the carmaker to daily fines and other sanctions.

By Christoph Rauwald, Margaret Cronin Fisk, Alan Katz, Bloomberg | Updated on March 23, 2016
The VW sign of Germany's Volkswagen car company is displayed at the building of a company's retailer in Berlin. (AP Photo/Markus Schreiber, File)

(Bloomberg) — Volkswagen AG will probably miss a Thursday court deadline to reach a comprehensive agreement with U.S. authorities over its tainted diesel engines, possibly exposing the carmaker to daily fines and other sanctions. 

While talks have intensified in recent days, Volkswagen and U.S. officials have yet to reach final terms for fixes and compensation related to the manufacturer’s cheating on diesel pollution tests, according to people familiar with the negotiations, who asked not to be named because the discussions are private. U.S. regulators want assurances that the repairs will last, as well as the option for owners to sell the cars back to Volkswagen. Deliberations are continuing, and a last- minute deal could still be reached.

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