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STATEMENT BY VOLKSWAGEN GROUP OF AMERICA

Oct 18, 2016

The parties believe that the proposed 2.0L TDI settlement program will provide a fair and reasonable resolution for affected Volkswagen and Audi customers in the United States and we welcome Judge Breyer’s positive comments during today’s hearing. We thank our customers for their continued patience as the approval process moves forward. Volkswagen is pleased that the Court has now granted preliminary approval to the settlement with VW-branded franchise dealers in the United States, which is another important step forward as we work to make things right.

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