Before Cummins took bailout money they spent 25 million dollars to bail out a bank.
Cummins didn't give Irwin bank $25 million. They provided standby commitment. Meaning that Cummins would provide them with money if they needed it. Irwin only needed about 10 of it.
Cummins didn't take ANY
bail-out money. The
grant that Cummins recieved was
intended to improve truck efficiency and emissions