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BMW, Daimler and VW escape costly concessions in diesel deal

Daimler's Zetsche, left, and VW CEO Matthias Mueller speak at Germany's diesel forum Wednesday. (Bloomberg)
Wr
By:
Wire reports
August 03, 2017 05:00 AM

BERLIN -- BMW, Daimler and Volkswagen Group agreed to to update the engine software of more than 5 million newer diesel cars in Germany to curb NOx emissions. They will also offer trade-in rebates on older models that cannot be updated.

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