Brief: Cummins Reaches Agreement In Principle To Settle Regulatory Proceedings Regarding Its Emissions Certification

Cummins

22/12/2023 12:32

Dec 22 (Reuters) - Cummins Inc  CMI.N :
    * CUMMINS REACHES AGREEMENT IN PRINCIPLE TO SETTLE
REGULATORY
PROCEEDINGS REGARDING ITS EMISSIONS CERTIFICATION AND COMPLIANCE
PROCESS FOR PICK-UP TRUCK APPLICATIONS
    * CUMMINS INC: EXPECTS TO RECORD A CHARGE OF APPROXIMATELY
$2.04
BILLION IN Q4 OF 2023
    * CUMMINS INC: APPROXIMATELY $1.93 BILLION RELATES TO
PAYMENTS
THAT ARE EXPECTED TO BE MADE IN FIRST HALF OF 2024
    * CUMMINS: IN STRONG FINANCIAL POSITION WITH EXISTING
LIQUIDITY &
ACCESS TO CAPITAL TO SATISFY SETTLEMENTS, SUPPORT ONGOING
OPERATIONS, EXECUTE GROWTH STRATEGY

Source text for Eikon:  ID:nBw3MCScQa 
Further company coverage:  CMI.N 

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