An aging football stadium in Michigan. A decrepit paper mill in Minnesota. A sun-bleached patch of desert in California.
These are the lots where Volkswagen is storing the hundreds of thousands of diesel vehicles that included software to help them cheat US emissions testing as the company races to buyback a huge chunk of its inventory ahead of a deadline agreed to as part of its settlement with the US government, per Reuters.
Under the terms of its landmark settlement with the US government, if 85% of the 500,000 cars VW promised to repurchase haven’t been bought back or fixed by then, the company will face higher punitive payments.
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