Volkswagen has reached an agreement with federal and state authorities to repair or replace about 500,000 diesel cars in the U.S., according to court documents released Thursday. The cars were equipped with software designed to deceive emissions tests. Under the agreement, announced Thursday in U.S. District Court in San Francisco, Volkswagen will pay back an undetermined amount of money to owners of the affected vehicles. Volkswagen confirmed that an agreement in principle had been reached.
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