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 Investors wiped another 3 billion euros ($3.3 billion) off Volkswagen Group's market value today after the automaker said it had understated the fuel consumption of some cars, opening a new front in a scandal that initially centered on rigging emissions tests.

VW said on Tuesday it had understated the fuel usage and CO2 emissions of up to 800,000 cars in Europe, meaning those vehicles affected are more costly to drive than their buyers had been led to believe.

It wasn't immediately clear if any cars in the U.S. would be involved in the latest revelations.



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Volkswagen Admits To False CO2 Emission and Gas Mileage Statements On 800,000 Vehicles

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