Gregory's ServerThat said, burning 3 years of profits in fines is not nothing for a company like this. Looking at their financials, they didn't have $1.7+ billion in cash on hand, so they will probably have to take on some pretty expensive debt to pay this off or sell off assets. There will probably be a pretty good shake up of the board from the share holders, likely including additional shareholder lawsuits. The responsible executives are going to be dealing with this daily for years.
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So, I think this is likely as big of a regulatory win as a regulated free market can get. And it's definitely a big win. |
@johnefrancis
As for the workers, I actually think they are probably sitting in a pretty good position. Cummins agreed to a recall of 600,000 Ram trucks. The workers are going to be plenty busy, and safely employed, for years.
The customers will probably also be able to file a class action suit.
Meanwhile, the tax payers get to avoid a lengthy, costly, and risky trial. (With a very pro-business SCOTUS, do you really want to roll those dice?)