At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. (NYSE: CMI), shared the Company’s plans to raise its long-term financial expectations, relative to its prior Analyst Day, and deliver increasing returns to shareholders. “Two years ago, we introduced Destination Zero as our winning growth strategy. This is proving to be the right strategy for
Cummins Inc. (NYSE: CMI) today announced that Cummins Emission Solutions completed its acquisition of two Faurecia commercial vehicle manufacturing plants and their related activities, one in Columbus, Indiana (U.S.), and one in Roermond, Netherlands. Faurecia is a global automotive technology leader and company of the FORVIA Group. “We announced our intent to acquire this portion of Faurecia’s
Today, Cummins Inc. (NYSE: CMI) announced the election of Gary Belske to its Board of Directors. “I am thrilled to add Gary to our Board of Directors,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “Gary will enhance the strength of our board with his leadership experience, knowledge of a broad range of industries, and deep expertise in financial reporting that can augment the rigor
With less than one month until the showcase, Cummins Inc. (NYSE: CMI) is gearing up for the North American Council for Freight Efficiency (NACFE) Run on Less - Electric (RoL-E), an electric truck technology demonstration. The RoL-E is a three-week event beginning Sept. 2 featuring daily performance metrics, and real-world fleet stories documenting the benefits and challenges of deploying electric
Today, Cummins announced the new X15 Stage V solution for vessels operating on European inland waterways. Launching in 2021, the Stage V certified product offers a power range from 500 to 600 hp (373 to 447 kW) for key applications including bow thrusters and main propulsion. Cedric Merveillaud, Cummins Director of Marine Sales Europe explains, “Cummins’ X15 Stage V solution is an integrat
Cummins Inc. (NYSE: CMI) announced today that it has appointed Kimberly “Kim” A. Nelson, former Senior Vice President, External Relations of General Mills, Inc., to its Board of Directors effective October 13, 2020. “We are pleased to welcome Kim to the Cummins Board of Directors. Her wealth of knowledge and extensive operating and corporate experience will be invaluable as we navigate in
Fourth quarter revenues of $5.6 billion decreased 9 percent from the same quarter in 2018. Lower truck production in North America and weaker demand in global construction, mining, and power generation markets drove the majority of the revenue decrease. Currency negatively impacted revenues by 1 percent primarily due to a stronger US dollar. Fourth quarter sales in North America declined by 8 p
Third quarter revenues of $5.8 billion decreased 3 percent from the same quarter in 2018. Lower demand for trucks and construction equipment drove the majority of the decline. Sales in North America were flat while international revenues decreased 8 percent. Currency negatively impacted revenues by 1 percent, primarily due to a stronger US dollar. Earnings before interest, taxes, de
Cummins B6.7 engine has been integrated with CLAAS’s powertrain to deliver the optimum fit and performance for the AVERO. Delivering 157 kW (213 hp) maximum power and 990 Nm peak torque in CLAAS’s larger model and 123 kW (167 hp), 746 Nm peak torque in the smaller model, the B6.7’s power and torque curves have been tailored specifically to AVERO’s duty cycle using Cummins’ in-house electronic cont
Second quarter revenues of $6.2 billion increased 1 percent from the same quarter in 2018. Increased truck production in North America and stronger demand in North American power generation markets was partially offset by lower demand in oil and gas and international truck markets. Currency negatively impacted revenues by 2 percent primarily due to a stronger US dollar. Second quarter sal
Today, leaders from Cummins Inc. (NYSE: CMI), the Indianapolis Motor Speedway and elected officials gathered to announce a new multi-year partnership between the two 100-year old, Indiana-based companies. Cummins is celebrating its centennial this year and as part of this, Cummins will have an enhanced presence at the Indianapolis Motor Speedway throughout the year. Cummins will
That’s because the locomotives will continue to use Cummins’ QSK95 Tier 4 engine systems to help deliver clean, efficient power for passenger trains. As a fitting end to an already strong year of wins for the Charger in 2018, Amtrak announced Dec. 21 that it would be purchasing 75 Charger locomotives for delivery starting in 2021. All in all, the value of Siemens Mobility contracts for th