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Fiat Chrysler, Cummins spar over costs of diesel emission recall

October 10, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV and engine manufacturer Cummins Inc are fighting over the $200 million estimated cost for a recall of 130,000 Ram pickup trucks equipped with Cummins diesel engines that could exceed U.S. pollution limits. The U.S. Environmental Protection Agency and California Air Resources Board have demanded a recall of 2013 through 2015 model year Ram 2500 pickup trucks with 6.7L Cummins diesel engines because moisture can lead to the deactivation of the selective catalyst reduction system, causing excess …

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Fiat Chrysler, Cummins spar over costs of diesel emission recall

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U.S. factory activity slips; construction spending hits one-year low

August 1, 2016 by · Leave a Comment 

U.S. manufacturing activity eased in July amid shrinking order backlogs and declining employment, while an unexpected drop in construction spending in June suggested second-quarter economic was probably even weaker than reported last week. The Institute for Supply Management's (ISM) report on Monday also showed manufacturers ramping up production to an 18-month high even as factories continued…

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U.S. factory activity slips; construction spending hits one-year low