Volkswagen not prepared to cover full costs of diesel retrofits: source

Volkswagen is not prepared to cover the full cost of hardware retrofits for older diesel vehicles in Germany, a source at Volkswagen said, contradicting a deal announced by the German coalition parties on Tuesday. Under the coalition parties' deal, owners of older diesel cars in German cities where the air is particularly polluted will be able to choose between trade-in incentives and a hardware upgrade.

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