VW agrees to buy back diesel vehicles, fund clean air efforts

By David Shepardson and Joel Schectman WASHINGTON (Reuters) - German automaker Volkswagen AG will pay as much as $15.3 billion (£10.1 billion) after admitting it cheated on U.S. diesel emissions tests for years, agreeing to buy back vehicles from consumers and provide funding that could benefit makers of cleaner technologies. A deal formally filed by the Justice Department on Tuesday will provide the largest-ever automotive buyback offer in the United States. The proposed consent decree co