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.
Was going to scoff at the assumed 50-cent fine but 2 billion is . . Pretty good?
Yeah, 2022 for example:
From the article:
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?