Publish date: 04/11/2016
MUNICH--(BUSINESS WIRE)--Apr. 11, 2016-- Tom Linebarger, CEO of Cummins Inc. (NYSE: CMI), and Tetsuji Ohashi, CEO of Komatsu Ltd. today announced a global corporate responsibility partnership to improve communities around the world. This partnership will build on the companies’ already strong business relationship. “For decades, Cummins and Komatsu have built a strong and growing business relationship,” said Linebarger. “We share common goals and aspirations for our respective businesses, as well as for the people living in our communities. Using the strength of our employees’ skills,
Publish date: 04/07/2016
COLUMBUS, Ind.--(BUSINESS WIRE)--Apr. 7, 2016-- Cummins Inc. (NYSE: CMI) today announced the company was awarded a $4.5 million grant from the U.S. Department of Energy to develop a Class 6 commercial plug-in hybrid electric vehicle that can reduce fuel consumption by at least 50 percent over conventional Class 6 vehicles. When fully loaded, Class 6 vehicles weigh between approximately 19,000 and 26,000 pounds and typical examples include school buses or single axle work trucks. With their expertise in internal combustion engines and related
Publish date: 03/29/2016
COLUMBUS, Ind.--(BUSINESS WIRE)--Mar. 29, 2016-- Today, Cummins Inc. (NYSE: CMI) and The Olayan Group announced the formation of Cummins Arabia, a 50:50, three-country distribution joint venture company in the Middle East. This joint venture consolidates the distribution of Cummins products in the United Arab Emirates (UAE), Saudi Arabia and Kuwait. Those products are currently distributed by Cummins’ wholly-owned UAE distributor and Olayan-owned independent distributors – General Contracting Company (GCC) in Saudi Arabia and General Transportation and Equipment (GTE) in
Publish date: 02/16/2016
COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 16, 2016-- Cummins Inc. (NYSE: CMI) today announced that the company is reorganizing its manufacturing operations, as part of its plan to adjust to weak global demand for power generation equipment. These moves will help best position the company for long-term success. Over the next 24 months, Cummins plans to relocate its generator set assembly operations located in Kent, U.K. to Daventry, U.K., Phaltan, India and Wuhan, China. The footprint of the Cummins Kent site will be reduced as it is transformed into an important regional distribution and
Publish date: 02/09/2016
COLUMBUS, IN -- (Marketwired) -- 02/09/16 -- The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 97.5 cents per share, payable on March 1, 2016, to shareholders of record on February 19, 2016. About Cummins