Cummins Inc. (CMI) News
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CMI News Highlights
- For CMI, its 30 day story count is now at 18.
- Over the past 20 days, the trend for CMI's stories per day has been choppy and unclear. It has oscillated between 1 and 7.
- PAY, ACT and DEC are the most mentioned tickers in articles about CMI.
Latest CMI News From Around the Web
Below are the latest news stories about CUMMINS INC that investors may wish to consider to help them evaluate CMI as an investment opportunity.
Auto Roundup: KMX Beats on Q3 Earnings, CMI to Pay $1.7B in Fines & MoreCarMax (KMX) surpasses fiscal third-quarter 2024 earnings estimates. Cummins is set to pay a penalty of roughly $1.7 billion for the violation of the Clean Air Act. |
Cummins (CMI) to Pay $1.7B Fine Under the Clean Air ActCummins (CMI) agrees to pay a $1.7 billion penalty for installing emissions defeat devices on hundreds of thousands of engines. |
Cummins to Pay $1.7 Billion to Settle Claims It Skirted Engine-Emissions RulesCummins agreed to pay about $1.7 billion to settle claims that the engine maker installed devices in hundreds of thousands of engines that bypassed emission-control sensors, violating the Clean Air Act, the Justice Department said. It is the largest-ever civil penalty levied under the Clean Air Act, Attorney General Merrick Garland said Friday. All told, Cummins said it would book a $2.04 billion charge to settle claims involving the Justice Department, the Environmental Protection Agency and California environmental regulators. |
S&P 500 Gains and Losses Today: Nike Warns of Soft Sales and Plans Spending CutsThe S&P 500 posted gains of 0.2% on Friday, Dec. 22, 2023, heading into the holiday break amid expectations that the Fed will cut interest rates next year. |
Cummins will pay $1.675B fine for engine emissions violationsCummins Inc. will pay nearly $1.7 billion to federal and state regulators to settle a more than 4-year-old emissions-cheating case. The post Cummins will pay $1.675B fine for engine emissions violations appeared first on FreightWaves. |
Engine maker Cummins agrees to pay $1.67 billion to settle claims it bypassed emissions testsCummins Inc. has agreed to pay an over $1.67 billion penalty to settle claims by regulators that the engine manufacturer unlawfully altered hundreds of thousands of pickup truck engines to bypass emissions tests. According to the U.S. Justice Department, which announced the agreement in principle Thursday, Cummins' alleged actions violated the Clear Air Act — a federal law that requires car and engine manufacturers to comply with emission limits. The $1.675 billion fine would be the largest civil penalty the Justice Department has secured under the Clear Air Act to date and second largest environmental penalty ever secured. |
Cummins to pay record-setting $1.675 billion US environmental fineWASHINGTON (Reuters) -Truck engine maker Cummins Inc has agreed in principle to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a Clean Air Act violation, the U.S. Justice Department said on Friday. The Department said Cummins allegedly installed so-called "defeat devices" to bypass or disable emissions controls such as emission sensors and onboard computers. The department said Cummins used defeat devices on 630,000 2013 to 2019 RAM 2500 and 3500 pickup truck engines and undisclosed auxiliary emission control devices on 330,000 2019 to 2023 RAM 2500 and 3500 pickup truck engines to cheat emissions control requirements. |
UPDATE 4-Cummins to pay record-setting $1.675 billion US environmental fineTruck engine maker Cummins Inc has agreed in principle to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a Clean Air Act violation, the U.S. Justice Department said on Friday. The Department said Cummins allegedly installed so-called "defeat devices" to bypass or disable emissions controls such as emission sensors and onboard computers. The department said Cummins used defeat devices on 630,000 2013 to 2019 RAM 2500 and 3500 pickup truck engines and undisclosed auxiliary emission control devices on 330,000 2019 to 2023 RAM 2500 and 3500 pickup truck engines to cheat emissions control requirements. |
Cummins reaches agreement in principle to settle regulatory proceedings regarding its emissions certification and compliance process for pick-up truck applicationsCOLUMBUS, Indiana, December 22, 2023--Cummins Inc (NYSE: CMI) has reached an agreement in principle to resolve U.S. regulatory claims regarding its emissions certification and compliance process for certain engines primarily used in pick-up truck applications. The company has cooperated fully with the relevant regulators, already addressed many of the issues involved, and looks forward to obtaining certainty as it concludes this lengthy matter. Cummins conducted an extensive internal review and |
Cummins (CMI) Rises Yet Lags Behind Market: Some Facts Worth KnowingCummins (CMI) concluded the recent trading session at $242.35, signifying a +0.34% move from its prior day's close. |