Transportation Industry
Caterpillar engine fines climb
Transport Topics, July, 2003 by Anonymous
Firm Puts $87 Mil. in Escrow for Exceeding EPA Limits
WASHINGTON - Caterpillar Inc., the nations leading mater of diesel engines for heavy-duty trucks, has put up $87 million to offset Environmental Protection Agency penalties it expects for selling "bridge" engines that do not comply with new emission rules, EPA officials said last week.
They said the money was to cover penalties for sales of engines failing to meet federal exhaust emissions levels that took effect last October.
Out of that amount put in escrow, EPA said Caterpillar had paid fines of about $42 million for sales of non-complying engines through March of'this year.
Caterpillars "bridge" engines, the ones incurring EPA penalties, were certified for sale under terms of a 1998 court decree, which...
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