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Cummins Fined $1.6B for Diesel Defeat Devices in 630K RAM Trucks (www.thedrive.com)

submitted 2 years ago by haxor@derp.foo to c/hackernews@derp.foo

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[–] SatanicNotMessianic@lemmy.ml 18 points 2 years ago

However, Cummins' statement also indicates the settlement does not meaningfully impact its business prospects. The company says it "is in a strong financial position with existing liquidity and access to capital to satisfy obligations associated with the settlements, support ongoing operations, and execute its growth strategy." In other words, the fine might hurt its bottom line, but in the end it'll roll right off. It's sometimes said that crimes punishable by fines are only crimes for the poor. Without evidence that Cummins' business has been truly harmed as a consequence of its actions here, it's hard to read things any other way.

Yay.