Caterpillar Pays $40 Million Engine Fine

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img src="/sites/default/files/images/articles/printeditiontag_new.gif" width=120 align=right>Caterpillar Inc., the nation's largest maker of heavy-duty diesel engines, has paid $40 million in penalties for selling engines exceeding federal emission standards that went into effect last October, the company said in a filing with the Securities and Exchange Commission.

The penalties were for sales of Caterpillar's medium-duty diesel "bridge" engine.

Caterpillar also said it expected it would pay additional penalties — as yet undetermined — for selling 22,000 heavy-duty truck engines in the first quarter of 2003.

For the full story, see the March 17 edition of Transport Topics. Subscribe today.