DOJ Slated To Levy Record-Setting Penalty On Engine Maker Cummins

Engine manufacturer Cummins has reached agreement “in principle” with the Department of Justice (DOJ) and California officials to pay a nearly $1.7 billion Clean Air Act civil penalty -- the largest ever -- for installing emissions control defeat devices on almost one million engines fitted in Dodge RAM pickup trucks. Cummins disclosed the agreement in a Dec. 22 8-K disclosure report to the Securities and Exchange Commission (SEC). In a statement the same day , the company said it has...