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Volkswagen sets aside 5.5 billion euros in contingent liabilities for diesel scandal

Reuters Thursday, 2 May 2019
Volkswagen said it has set aside 5.5 billion euros ($6.16 billion) in contingent liabilities to cover possible risks arising from a diesel cheating scandal, chief financial officer Frank Witter said on Thursday.
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News video: Volkswagen Set Aside Another 5 Billion Euros For Emissions Scandal

Volkswagen Set Aside Another 5 Billion Euros For Emissions Scandal 00:35

According to Reuters, Volkswagen has set aside over 5 billion euros for contingent liabilities related to the company's diesel emissions scandal. VW's chief financial officer Frank Witter said the liabilities package will total 5.5 billion euros. The fund will pay for any risks arising from the...

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