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STATEMENT BY VOLKSWAGEN GROUP OF AMERICA

Nov 3, 2016

Volkswagen is working hard to make things right, and we thank our affected customers in the United States for their continued patience. As noted in Court today, we are making substantial progress in our efforts to reach an approved resolution for these 3.0L TDI V6 vehicles as quickly as possible. The Court has scheduled a status conference on November 30, 2016 for the parties to report the results of their discussions. Until that time the Court has ordered that these discussions remain confidential.

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