The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Business

U.S. engine maker facing largest Clean Air Act penalty ever over emissions test cheating accusations

by December 23, 2023
December 23, 2023
U.S. engine maker facing largest Clean Air Act penalty ever over emissions test cheating accusations

Engine manufacturer Cummins Inc. has agreed to pay a $1.675 billion penalty for allegedly installing ‘defeat devices’ on approximately 1 million pickup trucks to cheat emissions tests. It’s the largest civil fine ever levied under the Clean Air Act, the Justice Department said Friday.

Defeat devices are designed to ‘bypass, defeat, or render inoperative emissions controls such as emission sensors and onboard computers,’ the department said.

Cummins is accused of installing defeat devices or similar equipment on hundreds of thousands of RAM pickup trucks between 2013 and 2023, the department said.

“The types of devices we allege that Cummins installed in its engines to cheat federal environmental laws have a significant and harmful impact on people’s health and safety,’ Attorney General Merrick B. Garland said in a statement, adding that the devices would have produced thousands of tons of excess emissions of nitrogen oxides, which are toxic to humans when breathed in.

Cummins has also agreed to settle with California’s Air Resources Board.

In a statement, Cummins said it did not admit any wrongdoing and that it had no evidence its employees acted in bad faith. A spokesperson for Stellantis, which owns the RAM truck brand, did not immediately respond to a request for comment.

The civil penalty announced Friday would surpass the $1.45 billion Volkswagen paid in 2017 after the German automaker disclosed it had used defeat devices on 11 million vehicles worldwide; Volkswagen ultimately paid more than $20 billion including criminal penalties.

In August 2022, Fiat Chrysler — now known as Stellantis — paid nearly $300 million to resolve a multiyear criminal-fraud probe by the Justice Department over diesel-emissions.

Cummins, based in Indiana, had 73,600 employees at the outset of 2023. Its share price declined about 3% in Friday trading.

The Cummins settlement, which must be approved by a court, represents the latest salvo in U.S. regulators’ campaign against emission defeat devices.

From fiscal years 2020 to 2023, the Environmental Protection Agency finalized 172 civil enforcement cases related to the devices, resulting in civil penalties totaling $55.5 million; and 17 criminal cases resulting in another $7.2 million penalties and a total of 54 months of incarceration. 

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Democrat Dean Phillips attacks Biden for trying to upend traditional primary election process
next post
NEO Battery Materials: Disrupting the EV Market with Innovative Silicon Anode Material

You may also like

McDonald’s to extend $5 value meal in most...

Why Chappell Roan and other artists find themselves...

McDonald’s announces plan to hire 375,000 employees this...

Tesla asks shareholders to vote again on Musk’s...

Americans ramped up spending during the holidays despite...

JPMorgan Chase is giving its employees an AI...

Delta cancels hundreds more flights as its recovery...

WNBA files trademark application to bring back ‘Detroit...

Walgreens plans store closures as CEO says consumers...

Traders see the odds of a Fed rate...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • ‘A fear campaign.’ Students around the world are shocked, scared and saddened...

    • North Korea deploys mystery balloon-like objects to stricken warship, satellite photos show

    • NVIDIA Rallies After Strong Q1, AI Demand Outshines China Export Hit

    • US senators meet with Zelensky in Kyiv as doubt cast over upcoming Ukraine-Russia peace talks

    • Israel’s plan to ‘conquer’ Gaza is leaving Palestinians with little place to go: 5 maps show how

    Categories

    • Business (1,673)
    • Investing (4,999)
    • Politics (7,837)
    • World (6,349)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top