Volkswagen Admits It Cheated With 11 Million Engines, Sets Aside $7.2 Billion To Cover Costs

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Things just went from catastrophic to apocalyptic as Volkswagen just admitted that the emission test cheating engine management software at the center of the Dieselgate controversy is installed in 11 million Volkswagen Group cars worldwide. They also say they’ll set aside $7.2 Billion in just the third quarter to cover this mess.