U.S. Engine Maker Will Pay $1.6B to Settle Claims of Emissions Cheating

nytimes.com

34 points·latentcall··15 comments

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Just the cost of doing business as an 11 figure company. Now you all can continue with business as usual.

For context, they earn about $2B profit per year.

https://www.macrotrends.net/stocks/charts/CMI/cummins/net-in...

I do not see the point of comparing market cap to a fine.

10x less than what Volkswagen had to pay lol

https://www.justice.gov/opa/pr/volkswagen-spend-147-billion-...

VW was a great scape goat because of all the evidence but they were far from the only one.

More discussion here, among other places: https://news.ycombinator.com/item?id=38747747

Previously discussed here: https://news.ycombinator.com/item?id=38746664

The money should go to the charging infrastructure.

No it should go towards a recall to fixing the cars that are now in the world that violate emissions standards and then to federal green transportation or vehicle initiatives.

This article contains zero information on exactly what the violation was.

It’s quite possible that there was an ambiguity in the law or regulation.

> the company violated the Clean Air Act by installing devices to defeat emissions controls on hundreds of thousands of engines

I think you mean that it's quite possible their lawyer estimated the value of interpreting the regulations wrongly was greater than the penalty.

Or that it was morally justified as a means of self defense since the regulation was primarily intended to destroy the company as a means of sabotaging American industry.

Who meant to sabotage American industry?

Wait, are you arguing in favor of the polluting car companies…?

Because they settled, that usually means you dont have to admit any wrongdoing.

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