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Cummins

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automotive2 years ago

"Cummins Faces $2 Billion Penalty in Diesel Emissions Scandal"

Cummins, the engine maker for Ram pickup trucks, is recalling 600,000 trucks as part of a $2 billion settlement with federal and California authorities for using illegal software to cheat diesel emissions tests. The settlement includes a $1.675 billion civil penalty, the largest ever under the Clean Air Act, and $325 million for environmental damage. The scandal involves hundreds of thousands of Ram trucks equipped with defeat devices that limited nitrogen oxide pollution during tests but allowed excess emissions during normal operations. This marks another major emissions scandal in the automotive industry following similar cases involving Volkswagen, Fiat Chrysler, and Daimler.

via Electrek.co|
#automotive#cummins#dieselgate
business2 years ago

"Cummins Settles $2 Billion Emissions Scandal, Recalls 600,000 Ram Trucks"

Diesel engine manufacturer Cummins has agreed to pay a record $1.675 billion to settle civil cases brought by the U.S. Department of Justice and the state of California for allegedly using "defeat devices" to bypass emissions laws in hundreds of thousands of engines. The settlement, the largest ever for alleged violations of the Clean Air Act, involves the recall of over 900,000 RAM pickups to update their emissions software. Cummins did not admit to any wrongdoing in the settlement but remains committed to its zero-emissions future strategy.

via Fox Business|
#business#clean-air-act#cummins
automotive2 years ago

"Record $2 Billion Settlement: Cummins to Recall 600,000 Ram Trucks in Emissions Scandal"

Cummins will recall and repair over 600,000 Ram vehicles equipped with its diesel engines as part of a $2 billion federal settlement over allegations of installing emissions test bypassing software. The company will pay a $1.675 billion civil penalty and an additional $325 million for remedies, marking the largest ever settlement under the Clean Air Act. The recall will remove defeat devices from affected Ram pickup trucks from 2013-2019 model years, bringing them into compliance with Clean Air Act standards.

via CBS News|
#automotive#clean-air-act#cummins
automotiveenvironment2 years ago

"Record $2 Billion Emissions Cheating Settlement: 600,000 Ram Trucks Recalled"

Cummins Inc. will recall 600,000 Ram trucks equipped with illegal software that allowed them to cheat diesel emissions tests, as part of a $2 billion settlement with federal and California authorities. The settlement also includes a $1.675 billion civil penalty and $325 million for pollution remedies. The recall affects trucks from 2013 through 2019 model years, with additional trucks from 2019 through 2023 having unreported emissions control software. This comes after similar emissions cheating cases involving Volkswagen, Fiat Chrysler, and Daimler in recent years, highlighting the ongoing challenges in enforcing emissions standards in the automotive industry.

via WHSV|
#automotiveenvironment#clean-air-act#cummins
automotive-environment2 years ago

Cummins Settles Record Emissions Cheating Scandal for $2 Billion

The Department of Justice has ordered a recall of 600,000 Ram trucks as part of a settlement with engine maker Cummins Inc., which illegally installed emissions control software in the vehicles. Cummins will pay a $2 billion penalty, the largest ever under the Clean Air Act, to remedy environmental damage caused by the illegal software. The settlement aims to address the harmful impact of excess emissions of nitrogen oxides and underscores the importance of compliance with emission limits to protect the environment and human health. This case follows similar emissions cheating scandals involving other auto industry players, highlighting the need for stringent enforcement and deterrents to prioritize public health and environmental protection.

via The Associated Press|
#automotive-environment#clean-air-act#cummins
business2 years ago

Cummins Settles Emissions Cheating Claims with $1.675 Billion Penalty

Cummins Inc, a truck engine maker, has agreed in principle to pay a $1.675 billion penalty for installing emissions defeat devices on hundreds of thousands of engines, making it the largest-ever penalty for a Clean Air Act violation. The U.S. Justice Department alleges that Cummins installed defeat devices on 630,000 RAM pickup truck engines and undisclosed auxiliary emission control devices on 330,000 other engines. The agreement resolves allegations that the company unlawfully altered engines to bypass emissions tests. Cummins expects to take a $2.04 billion charge in the fourth quarter to resolve regulatory claims on nearly 1 million engines.

via Reuters|
#business#clean-air-act#cummins
business2 years ago

"Leading Automakers Join Forces to Boost US Battery Cell Production"

Cummins, Daimler Trucks & Buses US Holding, and PACCAR have formed a joint venture called Accelera to advance battery cell production in the United States. The joint venture, in which each company will own a 30% stake, aims to focus on lithium-iron-phosphate (LFP) battery technology for commercial battery-electric trucks. They plan to invest between $2 billion and $3 billion to set up a 21-gigawatt hour (GWh) factory for manufacturing LFP battery cells. LFP battery cells were developed in the US, but Chinese companies currently dominate global production.

via Reuters|
#battery-cell-production#business#cummins
business2 years ago

Atmus Filtration Technologies Raises $275 Million in IPO Despite Debt Ceiling Jitters

Cummins defies volatile financial markets and prices the IPO of its engine filtration unit, Atmus Filtration Technologies, to raise about $275 million. The offering values Atmus at $1.6 billion, and Cummins will control about 83% of the company's shares after the listing. Financial markets have been concerned over whether the White House and Republicans in Congress can reach a deal to raise the debt ceiling ahead of the June 1 deadline set by the U.S. Treasury.

via Fox Business|
#atmus-filtration-technologies#business#cummins
energy2 years ago

Cummins announces $1 billion investment in clean energy technology and manufacturing network.

President Biden visited a Cummins facility in Minnesota as the company announced a $1 billion investment in creating low-to-zero-carbon engines in Indiana, North Carolina, and New York. More than half of medium and heavy-duty trucks in the U.S. use Cummins engines, and the upgraded facilities aim to decarbonize shipping vehicles across the country. The investment is tied to Biden's Investing in America plan, which aims to boost manufacturing in the U.S. with a focus on clean energy.

via CNBC|
#biden#clean-energy#cummins
politics2 years ago

Biden promotes economic agenda and clean energy in Minnesota visit.

President Joe Biden visited Cummins Power Generation Facility in Fridley, Minnesota, as part of his "Investing in America" tour, where he spoke about his agenda leading to an innovation and clean energy boom. Cummins is set to invest over $1 billion at its sites in Indiana, North Carolina, and New York to upgrade those facilities so they can manufacture low- to zero-carbon engines that will be used in its trucks across the country.

via CBS News|
#cummins#green-energy#investing-in-america
business2 years ago

Cummins to Invest $1 Billion in Engine Manufacturing Network, White House Confirms

Engine and alternative power manufacturer Cummins is set to announce a $1 billion investment across their U.S. engine manufacturing network in Indiana, North Carolina and New York, to manufacture low- to zero-carbon engines, helping decarbonize the nation’s truck fleets. The investment aligns with President Biden’s visit to the Cummins Power Generation Facility in Fridley, Minn., on Monday, which is part of his “Investing in America tour.” Over half of all medium- and heavy-duty trucks currently on the road in the U.S. use engines manufactured by Cummins.

via The Hill|
#biden#business#cummins