Diesel Engines

In a landmark settlement, Cummins Inc. (NYSE:CMI) is ordered to recall 600,000 Ram Trucks. The engine manufacturer has been implicated in an emissions cheating scandal, leading to a record-breaking $2 billion penalty. What Happened: The Department of Justice (DOJ) revealed on Wednesday details of a...

Are we seeing a case of deja vu in the auto industry? The U.S. Environmental Protection Agency (EPA) is expected to accuse Fiat Chrysler Automobiles NV (NYSE: FCAU) of using software that was able to control diesel emissions in 100,000 vehicles, according to a Reuters report. An EPA official...