Was going to scoff at the assumed 50-cent fine but 2 billion is . . Pretty good?
this post was submitted on 10 Jan 2024
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Yeah, 2022 for example:
Full year revenues of $28.1 billion; GAAP[1] Net Income of $2.2 billion
From the article:
One of the world’s largest engine manufacturers has agreed to pay a record-breaking fine and other costs totaling $2 billion after facing charges that about one million pickup trucks were illegally equipped with devices circumventing California and national emission standards.
Imagine that high fines for the big tech...
Cummins trying to circumvent emissions standards is hilarious, it’s like how didn’t anyone expect this?
15 days late but what ensures that they're going to the pay the fine and not try to appeal it?
Given that this is what their lawyers have agreed to, it would be weird for an appeal.