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Cummins Inc. Navigates Legal Challenges
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Cummins Inc. faces a record-setting $1.675 billion fine for Clean Air Act violations, impacting nearly 6% of its market cap. The settlement's non-tax deductible nature prompts Cummins to explore short-term borrowing. Amidst this, the company grapples with a securities fraud class action and scrutiny over compliance claims.
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How might the $1.675 billion fine impact Cummins Inc.'s financial performance and market position?
In what ways could Cummins Inc.'s legal challenges influence the broader automotive industry and environmental compliance standards?
What measures can Cummins Inc. take to address the legal scrutiny and regain trust amidst the allegations?
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