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Volkswagen to Pay More Than $10.2B Over Diesel Scandal

by Associated Press / / Source: Associated Press
Emblems of VW Golf VII car are pictured in a production line at the plant of German carmaker Volkswagen in Wolfsburg, February 25, 2013. REUTERS/Fabian Bimmer/File Photo

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Volkswagen has agreed to pay about $10.2 billion to settle claims in the U.S. from its emissions-cheating scandal, a source briefed on the matter told the Associated Press.

The money would go mainly to compensate 482,000 owners of cars with 2-liter diesel engines that were programmed to cheat on emissions tests.

The source says some money would be paid to the government in penalties. The person didn't want to be identified because a federal judge has issued a gag order in the case. The person says the terms could change by the time they are released by the court on Tuesday.

Owners could get $1,000 to $7,000 depending on their cars' age, with an average payment of $5,000.

A spokesperson for Volkswagen declined to comment to NBC on the matter.

Read More: Can VW Buy Back Drivers' Trust After Diesel Scandal?

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