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PHOENIX (Reuters) - U.S. Attorney General Loretta Lynch said on Tuesday fighting economic espionage was a priority for the Department of Justice. Interviewed by Reuters in Phoenix, she said: "When it comes to economic espionage, this is in fact a tremendous problem because ... be they individuals or be they state actors ... essentially they're stealing from future generations also. We take these matters very seriously... It is a matter of priority for us." (Reporting by Julia Edwards in Phoenix; Writing by Doina Chiacu and Eric Walsh; Editing by Howard Goller)
By David Shepardson and Joel Schectman WASHINGTON (Reuters) - German automaker Volkswagen AG will pay as much as $15.3 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. The largest-ever automotive buyback offer in the United States came in a deal announced on Tuesday by the Justice Department, Federal Trade Commission, Environmental Protection Agency and California state regulators. The proposed consent decree confirmed that VW will set aside $10.033 billion to cover buybacks or fixes for diesel cars and sport utility vehicles that used illegal software to defeat government emissions tests.