Navistar International Corp. is close to completing a settlement with shareholders over allegations that it made false and misleading statements about the benefits of a diesel engine technology (EGR) that turned out to be a disaster for the company. Shareholders on Wednesday asked Illinois U.S. District Judge Manish S. Shah to give final approval to the lawsuit settlement over Navistar’s so-called reduced-emissions Advanced EGR engine for the heavy-duty truck market.…
Read MoreDetroit Diesel to Pay $28.5M Clean Air Act Fine
Detroit Diesel Corp, a unit of automaker Daimler AG, will spend $14.5 million to reduce pollutants and pay a $14 million civil penalty to settle alleged violations of the U.S. Clean Air Act, the Justice Department said on Thursday. The settlement is the latest penalty imposed by U.S. regulators on auto and engine manufacturers for failing to meet emissions regulations. The U.S. government alleged that Detroit Diesel violated the Clean…
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