Cummins Inc. has paid over $2 billion in fines and penalties as part of a settlement with federal and California authorities. The settlement addresses the use of illegal software that allowed Ram trucks, manufactured by Stellantis, to bypass diesel emissions tests for nearly a decade.
This fine represents the largest ever secured under the federal Clean Air Act, underscoring the severity of the violations. In addition to the financial penalty, Cummins agreed to recall 600,000 Ram trucks affected by the emissions issue.
The Environmental Protection Agency (EPA) highlighted this settlement as part of its revitalized enforcement efforts, focusing on 21st-century environmental challenges. The action has significant financial and reputational implications for Cummins.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.