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VW said to reach U.S. deal to fix most tainted Audi diesels

VW has reached an agreement with U.S. environmental regulators to fix or buy back around 80,000 Audi, VW and Porsche vehicles with tainted 3-liter diesel engines.

By Alan Katz, Christoph Rauwald | Updated on November 15, 2016
The recall plans reportedly involve a simple software update, and avoiding a full buyback of all the cars would save the company about $4 billion. (AP Photo/Martin Meissner)

(Bloomberg) – Volkswagen AG has reached an agreement with U.S. environmental regulators to fix or buy back around 80,000 Audi, VW and Porsche vehicles with tainted 3-liter diesel engines, nearing a resolution on a key aspect of the emissions-cheating scandal, people familiar with the discussions said.

Under an accord with the  Environmental Protection Agency and California’s Air Resources Board, Volkswagen would get the go-ahead to fix some 60,000 vehicles and offer to repurchase about 19,000 older models that would be too complex to repair, said the people, who asked not to be identified because the talks are confidential. The recall plans involve a simple software update, and avoiding a full buyback of all the cars would save the company about $4 billion, the people said.

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