Enginemaker faces charges for non-compliance with emissions standards

  • Cummins to book $2 billion charge to settle engine-emission probe
  • Allegations from U.S. regulators regarding non-compliance with emissions-certification process
  • Involves about 1 million pick-up truck applications in the U.S.
  • Cummins has already recalled certain truck models
  • Company fully cooperated with regulators and denies wrongdoing

Cummins, the enginemaker based in Columbus, Indiana, is set to book a $2.04 billion charge to settle allegations from U.S. regulators that some of its engines, particularly those used in pick-up trucks, failed to comply with the emissions-certification and compliance process. The probe involves about 1 million pick-up truck applications in the U.S. Cummins has already taken steps to address the issue, including recalling certain truck models. The company has fully cooperated with regulators, including the Environmental Protection Agency and the California Air Resources Board. Cummins denies any wrongdoing and has not seen evidence of bad faith.

Public Companies: Cummins (N/A)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides specific details about Cummins’ expected charge to settle allegations from U.S. regulators regarding non-compliant engines used in pick-up trucks. It also mentions the company’s recalls and cooperation with regulators. However, it does not provide any opposing viewpoints or alternative perspectives, which could affect the overall factuality level.

Noise Level: 7
Justification: The article provides relevant information about Cummins facing allegations from U.S. regulators regarding emissions compliance. It mentions the expected charge, the number of affected pick-up truck applications, and the company’s cooperation with regulators. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It also does not explore the consequences of the allegations on those who bear the risks or hold powerful people accountable.

Financial Relevance: Yes
Financial Markets Impacted: Cummins

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses a $2.04 billion charge that Cummins expects to book to settle allegations from U.S. regulators regarding non-compliance with emissions-certification and compliance process. However, there is no mention of an extreme event or its impact.

Reported publicly: www.marketwatch.com