Volkswagen has paid more than $7.4 billion to buy back about 350,000 vehicles, the automaker said in a recent court filing.
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Volkswagen will buy back new diesel cars if German cities ban them, it said Thursday, seeking to reassure potential buyers and stem a plunge in sales of diesel vehicles. Europe's biggest automaker also said it would extend incentives for buyers of new diesel cars. Diesel car sales plunged 19 percent in Germany last month.Germany's government is seeking to avoid widespread bans on heavily polluting diesel vehicles, which companies say could cut the resale value of up to 15 million vehicles in Europe's biggest car market.
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