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The desire for gender equity motivates change. This has come to fruition for Cummins’ China Area Business Organization (ABO), as parity is brought to the retirement age for women and men, making a positive difference in the lives of their colleagues. Cummins has renewed and strengthened its commitment to diversity, equity, and inclusion (DE&I) that includes a range of new initiatives designed
Today, Cummins Inc. (NYSE: CMI) and Knoxville Locomotive Works, Inc. (KLW) announced the next step in Tier 4 locomotive repower programs. Building on successful sales of KLW EPA Tier 4 certified and CARB verified locomotives across the U.S., KLW has recently completed the remanufacture of an existing line-haul freight locomotive utilizing the Cummins 4,400 horsepower Tier 4 certified QSK
Cummins Inc. (NYSE: CMI) announced its new Hydrogen Fuel Cell Systems Production Center in Herten, Germany, is in operation, further driving its alternative power scale-up and enabling accelerated adoption of hydrogen technologies across Europe. The facility has an initial production capacity of 10MW per year for fuel cell system engineering and assembly. This new location adds to Cummins’ exis
Cummins Inc. (NYSE: CMI) announced several leaders were named vice presidents. These appointments are effective March 1, and consistent with the company's approach to succession planning and leadership development to ensure the company is best positioned for continued growth and success. “These leaders have key roles in shaping our strategy to navigate both short-term challenges and our tra
Florida Power & Light Company (FPL) today announced Cummins Inc. (NYSE: CMI) will supply a 25-megawatt (MW) electrolyzer system for the groundbreaking FPL Cavendish NextGen Hydrogen Hub – Florida’s first of its kind “green” hydrogen plant – which could lay the groundwork for a 100% carbon-free energy future. “At FPL, we are always looking over the horizon and focused on making s
At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. (NYSE: CMI), a global power leader, shared the Company’s plans to generate profitable growth driven through leadership in the design, manufacture, and support of powertrain technology across a number of fuel types and power sources. “The decarbonization of our economy is critical to our way o
Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a t
Cummins Inc. (NYSE: CMI) announced today a major grant of more than $1,000,000 to build Black homeowner equity in the Martindale-Brightwood neighborhood of Indianapolis. The grant was issued to Renew Indianapolis and will support an innovative program to build generational wealth while addressing gentrification in historically Black neighborhoods. The Cummins grant will leverage funding f
Today, Cummins Inc. (NYSE: CMI) announced Jennifer Rumsey, its President and Chief Operating Officer, has been elected to the company’s Board of Directors. “I am thrilled Jennifer Rumsey will join the Cummins Board of Directors,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “Jen brings the skills and perspectives we need to address the biggest challenges of our time. Decarbonizatio
Cummins Inc. (NYSE: CMI) today announced the signing of an agreement to acquire Jacobs Vehicle Systems (JVS), a subsidiary of Altra Industrial Motion Corp., and a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. The agreement brings the addition of new technologies to provide growth opportunities for Cummins’ current and future advanced diesel
The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.45 dollars per share, payable on March 3, 2022, to shareholders of record on February 18, 2022.
Cummins Inc. (NYSE: CMI) today reported full year 2021 results. Revenues for the full year were $24 billion, 21 percent higher than 2020. Sales in North America increased 17 percent and international revenues increased 27 percent. Sales increased in all major regions compared to the prior year, which was severely impacted by the height of the COVID-19 pandemic. EBITDA for the year was $3.5 b