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VW Shares Tumble on U.S. Taking Hard Line in Diesel Scandal

2016-01-05 19:31:54| Automakers - Topix.net

Volkswagen AG fell the most in two months after the U.S. government filed a lawsuit seeking penalties as high as $80 billion -- more than the company is worth -- and faulted the German carmaker for a lack of progress fixing cars with rigged engines. Chief Executive Officer Matthias Mueller and Herbert Diess, head of the VW brand, will visit the U.S. for the first time since the scandal broke in September.

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