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

34 points by latentcall 3y ago

iAMkenough 3y ago
Just the cost of doing business as an 11 figure company. Now you all can continue with business as usual.
- lotsofpulp 3y ago
  For context, they earn about $2B profit per year. https://www.macrotrends.net/stocks/charts/CMI/cummins/net-income https://www.macrotrends.net/stocks/charts/CMI/cummins/net-in... I do not see the point of comparing market cap to a fine.
mensetmanusman 3y ago
The money should go to the charging infrastructure.
- Shawnj2 3y ago
  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.
avalys 3y ago
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.
- amanaplanacanal 3y ago
  > the company violated the Clean Air Act by installing devices to defeat emissions controls on hundreds of thousands of engines
- cyanydeez 3y ago
  I think you mean that it's quite possible their lawyer estimated the value of interpreting the regulations wrongly was greater than the penalty.
  - goodluckchuck 3y ago
    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.
    - itsanaccount 3y ago
      Who meant to sabotage American industry?
- ryaneager 3y ago
  Wait, are you arguing in favor of the polluting car companies…?
- rasz 3y ago
  Because they settled, that usually means you dont have to admit any wrongdoing.
jwalton 3y ago
Previously discussed here: https://news.ycombinator.com/item?id=38746664 https://news.ycombinator.com/item?id=38746664
ChrisArchitect 3y ago
More discussion here, among other places: https://news.ycombinator.com/item?id=38747747 https://news.ycombinator.com/item?id=38747747
WhereIsTheTruth 3y ago
10x less than what Volkswagen had to pay lol https://www.justice.gov/opa/pr/volkswagen-spend-147-billion-settle-allegations-cheating-emissions-tests-and-deceiving https://www.justice.gov/opa/pr/volkswagen-spend-147-billion-...
- sschueller 3y ago
  VW was a great scape goat because of all the evidence but they were far from the only one.
PM_me_your_math 3y ago
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34 points by latentcall 3y ago

iAMkenough 3y ago

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

lotsofpulp 3y ago
For context, they earn about $2B profit per year. https://www.macrotrends.net/stocks/charts/CMI/cummins/net-income https://www.macrotrends.net/stocks/charts/CMI/cummins/net-in... I do not see the point of comparing market cap to a fine.

mensetmanusman 3y ago

The money should go to the charging infrastructure.

Shawnj2 3y ago
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.

avalys 3y ago

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.

amanaplanacanal 3y ago
> the company violated the Clean Air Act by installing devices to defeat emissions controls on hundreds of thousands of engines
cyanydeez 3y ago
I think you mean that it's quite possible their lawyer estimated the value of interpreting the regulations wrongly was greater than the penalty.
- goodluckchuck 3y ago
  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.
  - itsanaccount 3y ago
    Who meant to sabotage American industry?
ryaneager 3y ago
Wait, are you arguing in favor of the polluting car companies…?
rasz 3y ago
Because they settled, that usually means you dont have to admit any wrongdoing.

jwalton 3y ago

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

ChrisArchitect 3y ago

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

WhereIsTheTruth 3y ago

10x less than what Volkswagen had to pay lol https://www.justice.gov/opa/pr/volkswagen-spend-147-billion-settle-allegations-cheating-emissions-tests-and-deceiving https://www.justice.gov/opa/pr/volkswagen-spend-147-billion-...

sschueller 3y ago
VW was a great scape goat because of all the evidence but they were far from the only one.

PM_me_your_math 3y ago

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