Volkswagen readies $7.4bn fund to cover 11m car diesel cheat

Volkswagen's emission woes continue, with the company conceding that its diesel dodge impacts 11 million cars worldwide. In a statement today, the automaker revealed that cars - including those under its own badge, and select Audi models using the same TDI engine - across the world used the same software that effectively allowed the powertrain to cheat during emissions testing. …