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Volkswagen's Europe Fate Could Rob It Of Billions Of Dollars Volkswagen AG burst into the news last September, when the automaker admitted to fitting its ~11 million diesel vehicles with a software or ‘defeat device’ that kept emissions within the permissible limit when the vehicle was being tested. The group agreed with the U.S authorities in June to pay up to $15.3 billion for buybacks and fixes to 475,000 2.0-liter Volkswagen and Audi diesel vehicles fitted with the defeat device. This did not include fixes for another 80,000 Volkswagen, Audi, and ...
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