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CUMMINS (NYSE: CMI) STOCK QUOTE

Last Trade: US$270.26 1.65 0.61
Volume: 1,812,807
5-Day Change: 2.81%
YTD Change: 12.81%
Market Cap: US$38.320B

LATEST NEWS FROM CUMMINS

The new X15 advanced diesel engine is Cummins’ most efficient yet, designed for the Cummins’ fully integrated powertrain featuring Eaton Cummins Automated Transmission Technologies and Cummins-Meritor COLUMBUS, Ind. / Feb 29, 2024 / Business Wire / Today, Cummins Inc. (NYSE: CMI) announced it will launch its most efficient heavy-duty diesel engine ever. As the next product in the Cummins HELM™ 15-liter fuel agnostic... Read More
COLUMBUS, Ind. / Feb 22, 2024 / Business Wire / Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January. “These leaders each demonstrate, in their own unique ways, a commitment to making a positive impact on our company,... Read More
COLUMBUS, Ind. / Feb 14, 2024 / Business Wire / Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced that it will commence an exchange offer to fully split off its remaining interest in Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”). In May 2023, Atmus completed its initial public offering where 19.5%, or 16,243,070 shares, of Atmus’ common stock was sold, with Cummins retaining the remaining 80.5% of Atmus’... Read More
COLUMBUS, Ind. / Feb 13, 2024 / Business Wire / The Board of Directors of Cummins Inc . (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.68 dollars per share, payable on March 7, 2024, to shareholders of record on February 23, 2024. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad... Read More
COLUMBUS, Ind. / Feb 12, 2024 / Business Wire / Today, Cummins Inc. (NYSE: CMI) announced the election of John H. Stone to its Board of Directors. “I am delighted to welcome John to our Board of Directors,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “John joins our board with deep expertise in our industry and leading strategic, technology-led growth and expansion initiatives, which will be an asset to us as we... Read More
Fourth quarter 2023 revenues of $8.5 billion; GAAP 1 Net Loss of $1.4 billion Fourth quarter 2023 EBITDA was negative 10.3% of sales; Diluted EPS of $(10.01) The results for the fourth quarter 2023 reflect: $2.04 billion, or $13.76 per diluted share, charge related to the previously announced agreement to resolve U.S. regulatory claims $42 million, or $0.22 per diluted share, of costs related to the implementation of... Read More
COLUMBUS, Ind. & PORTLAND, Ore. & BELLEVUE, Wash. / Jan 18, 2024 / Business Wire / Accelera™ by Cummins , the zero-emissions business segment of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint... Read More
COLUMBUS, Indiana / Dec 22, 2023 / Business Wire / Cummins Inc (NYSE: CMI) has reached an agreement in principle to resolve U.S. regulatory claims regarding its emissions certification and compliance process for certain engines primarily used in pick-up truck applications. The company has cooperated fully with the relevant regulators, already addressed many of the issues involved, and looks forward to obtaining certainty as... Read More
Global power technology leader Cummins Inc.' s proposal to jointly develop a methanol kit for its QSK60 engine has been selected as part of the Zero Emission Vessels and Infrastructure (ZEVI) competition funded by the U.K. government in partnership with Innovate UK. Chosen as one of 10 top projects, the company will collaborate with a major U.K. port and its operators to develop, deploy and operate clean maritime technology... Read More
NORTHAMPTON, MA / ACCESSWIRE / November 21, 2023 / Cummins Inc. 's initiative to power gender equity around the world has partnered with Global Rights for Women, other corporations and a multi-national law firm to develop a tool for users to view laws, rights, policies, and penalties around the world related to domestic violence. The tool is now available to non-governmental organizations, victims of domestic violence,... Read More
NORTHAMPTON, MA / ACCESSWIRE / November 9, 2023 / Cummins Inc. Cummins Veterans Day and Remembrance Day are significant occasions that share a common purpose to honor the service and selfless sacrifice of protecting and defending their nation's democratic freedoms, especially during times of war. Cummins Inc. is recognizing the value that veterans bring to the company's workforce by establishing aspirational goals for... Read More
COLUMBUS, Ind. / Nov 02, 2023 / Business Wire / Today, Cummins announced several changes to the Cummins Leadership Team. These appointments are effective Jan. 1, 2024. “Destination Zero is Cummins' strategy for decarbonization of our products and is a growth opportunity for us. With our broad portfolio of innovative products, strong partnership with and understanding of our customers and their applications, unrivaled global... Read More
Third quarter revenues of $8.4 billion; GAAP 1 Net Income of $656 million EBITDA in the third quarter was 14.6 percent of sales; Diluted EPS of $4.59 Third quarter results include $26 million, or $0.14 per diluted share, of costs related to the separation of Atmus Filtration Technologies Inc. Third quarter net cash provided by operating activities was a record $1.5 billion The company is raising its full year 2023 revenue... Read More
COLUMBUS, Ind. / Oct 27, 2023 / Business Wire / Today, Cummins announced that Amy Davis will assume leadership of both the Accelera and Components Business Segments, serving as Vice President and President – Accelera and Components, effective November 1. “I am thrilled to have Amy lead both the Components and Accelera business segments,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “When we launched our Destination Zero... Read More
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NORTHAMPTON, MA / ACCESSWIRE / October 19, 2023 / Cummins / Cummins Inc .'s global strategic program to address water security has announced two new grants with The Nature Conservancy and WaterAid to improve water quality in the Mississippi River Basin and implement water, sanitation and hygiene improvements in Nigeria. "The... Read More
NORTHAMPTON, MA / ACCESSWIRE / October 17, 2023 / Cummins / The Cummins Inc. Board of Directors received a 2023 National Association of Corporate Directors (NACD) award recognizing exemplary board practices related to diversity, equity and inclusion (DE&I). The global power technology leader was selected in the category for public companies with a market capitalization value of more than $10 billion. Cummins was one of four... Read More
COLUMBUS, Ind. / Oct 17, 2023 / Business Wire / Today, Cummins Inc. (NYSE: CMI) announced that Mahesh Narang, Cummins Vice President and President of the Components Business, is departing Cummins on Oct. 27 to pursue an external opportunity. Mahesh served in a variety of business leadership roles during his more-than 20-year career at Cummins. “Mahesh’s impact on Cummins and our people are lasting,” said Jennifer Rumsey,... Read More
Today global power and technology leader Cummins Inc. (NYSE: CMI) announced its collaboration with the Eclipse Foundation, Microsoft, and industry partners to release a new and innovative approach to develop telematics software for commercial vehicles. The Open Telematics Framework is being designed to allow companies to accelerate time to market and reduce costs. It allows each company to write their telematics application... Read More
NORTHAMPTON, MA / ACCESSWIRE / October 10, 2023 / Global power technology leader Cummins Inc. has opened a new state-of-the-art solar array, the third largest company-owned solar installation within Cummins, to help power its engine plant in Daventry, United Kingdom. The installation has the capacity to generate 1.8 megawatts of renewable energy, equivalent to powering 746 domestic properties for a year. The Daventry site... Read More
COLUMBUS, Ind. / Oct 10, 2023 / Business Wire / The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.68 dollars per share, payable on December 7, 2023, to shareholders of record on November 24, 2023. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad... Read More
COLUMBUS, Ind. / Oct 09, 2023 / Business Wire / Today, Cummins Inc. (NYSE: CMI) announced the election of Daniel W. Fisher to its Board of Directors. “I am delighted to welcome Dan to our Board of Directors,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “Dan brings a wealth of financial, business operations, and leadership expertise to this role. His leadership experience across several industries will further... Read More
Cummins-Meritor Drivetrain Components Featured at AUSA COLUMBUS, Ind. / Oct 09, 2023 / Business Wire / Today, Cummins Inc. (NYSE: CMI) announced the unveiling of its first combined solution to leverage solutions from its Cummins-Meritor portfolio engineered specifically for the demands of wheeled defense vehicles. This proof-of-concept drivetrain will be unveiled at the 2024 Annual AUSA Conference in Washington, DC, October... Read More
Cummins Inc. has opened a new European Master Rebuild Centre for high horsepower engines in Krakow, Poland - the first of its kind in Europe. The facility will remanufacture some of the company's largest engines, extending their useful life. In addition to cost advantages for customers, remanufacturing requires about 85% less energy than manufacturing a new engine, which reduces greenhouse gases (GHGs). Remanufacturing also... Read More
COLUMBUS, Ind. / Oct 02, 2023 / Business Wire / 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... Read More
Jim Cramer and Bernardo Calleja to retire in early 2024 FARMINGTON, Conn. , Sept. 28, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Tracy Embree as President, Otis Americas and Enrique Miñarro Viseras as President, Otis Europe , Middle East and Africa (EMEA), reporting directly to Otis Chair, CEO & President, Judy Marks. Effective Oct. 1 , Embree will succeed Jim Cramer and Miñarro... Read More
Cummins After building its 5 millionth engine, Cummins Inc. 's Rocky Mount Engine Plant (RMEP) in North Carolina is continuing its long history of innovation in engine technology and manufacturing. The next stop? Building fuel-agnostic engines in its VPI Lab. VPI, or value package introduction, is the Cummins' process for commercializing technology for the market through the definition, design, development and introduction... Read More
NORTHAMPTON, MA / ACCESSWIRE / September 14, 2023 / Accelera™ by Cummins , Daimler Trucks & Buses and PACCAR are partnering to accelerate and localize battery cell production and the battery supply chain in the United States. The planned joint venture will manufacture battery cells for electric commercial vehicles and industrial applications, creating U.S. manufacturing jobs in the growing clean technology sector. Total... Read More
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First US-based on-highway OEM to secure X15H as part of its decarbonization strategy COLUMBUS, Ind. / Sep 11, 2023 / Business Wire / Cummins Inc. (NYSE: CMI), a global power solutions provider and Terex ® Advance, leading manufacturer of front-discharge concrete mixer trucks, announced today the signing of a Letter of Intent... Read More
COLUMBUS, Ind. and PORTLAND, Ore. and BELLEVUE, Wash. , Sept. 6, 2023 /PRNewswire/ -- Accelera by Cummins , the zero-emissions business unit of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; "Daimler Truck"] and PACCAR [NASDAQ: PCAR] are partnering to accelerate and localize battery cell production and the battery supply chain in the United States . The planned... Read More
COLUMBUS, IN / ACCESSWIRE / August 31, 2023 / Cummins Inc. has posted its 20 th annual Sustainability Progress Report, disclosing reductions in greenhouse gases (GHGs) and water consumption while establishing the foundation for progress on other 2030 environmental goals. In addition, the global power technology leader reported steady progress on the company's diversity, equity and inclusion efforts, including a program... Read More
Cummins Inc. recently announced approval of its entire line of diesel high horsepower engines across all ratings for use with unblended paraffinic fuels (EN15940), often referred to as renewable diesel, including hydrotreated vegetable oil (HVO). Utilizing renewable fuels like HVO can reduce net greenhouse gas (GHG) emission by up to 90% compared to conventional diesel, dependent on the exact feedstock and fuel pathway. This... Read More
Tony Satterthwaite to Serve as Interim Leader of the Distribution Business COLUMBUS, Ind. / Aug 29, 2023 / Business Wire / Today, Cummins Inc. (NYSE: CMI) announced that Tracy Embree, Cummins Vice President and President of the Distribution Business, is leaving Cummins on September 8 to pursue an external opportunity. Tracy served in a variety of leadership roles during her distinguished 23-year career at Cummins. “Tracy has... Read More
NORTHAMPTON, MA / ACCESSWIRE / August 28, 2023 / Global power technology leader Cummins Inc. and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, have announced a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas and other lower carbon fuel value chains. The announcement expands the two companies' previous strategic collaboration on hydrogen and renewable natural gas and is... Read More
Accelera technology is at the heart of both the train’s fuel cell system and the green-hydrogen-producing electrolyzer that fuels it COLUMBUS, Ind. / Aug 15, 2023 / Business Wire / Accelera™ by Cummins, the zero-emission business segment of Cummins Inc. (NYSE: CMI), is powering North America’s first hydrogen passenger train, marking a major milestone and significant step forward in the transition to clean urban... Read More
COLUMBUS, Ind. & SAN RAMON, Calif. / Aug 10, 2023 / Business Wire / Cummins Inc. (NYSE: CMI) and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), announced a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains. The announcement expands the two companies’ previous strategic collaboration on hydrogen and renewable natural gas... Read More
Record second quarter revenues of $8.6 billion; GAAP 1 Net Income of $720 million EBITDA in the second quarter was 15.1 percent of sales; Diluted EPS of $5.05 Second quarter results include $23 million, or $0.13 per diluted share, of costs related to the separation of Atmus Filtration Technologies Inc. The company is maintaining its full year 2023 guidance, expecting revenue to be up 15 to 20 percent and EBITDA of 15.0 to... Read More
Cummins Inc . recently celebrated the second anniversary of the Cummins Water Works program, reporting it recorded 5.9 billion gallons in annual water benefits in 2022 through projects around the world. The global power technology leader's initiative to address the global water crisis has expanded its reach to 11 countries, including: Brazil, Chile, China, Ghana, India, Mexico, Peru, the Philippines, South Africa, the United... Read More
Next Generation PowerDrive 7000 is now in production COLUMBUS, Ind. / Jul 26, 2023 / Business Wire / Accelera™ by Cummins , the zero-emissions business segment of Cummins Inc. (NYSE: CMI), and Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, recently premiered the next-generation Vision electric school bus at STN Expo West in Reno, Nevada, a leading student transportation industry... Read More
NORTHAMPTON, MA / ACCESSWIRE / July 25, 2023 / Cummins Inc. has received a 2023 Energy Management Insight Award from the Clean Energy Ministerial (CEM), a global forum to promote policies and programs that advance clean energy technology and share best practices to encourage the transition to a clean energy economy. The global power technology leader earned the award for producing a case study to share insights on the... Read More
CLEVELAND, July 21, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced that Bonnie J. Fetch, Vice President, Global Supply Chain and Manufacturing, for Cummins Inc. (NYSE: CMI), has been elected to Lincoln Electric's Board of Directors, effective July 20, 2023. She will serve as a member of the Audit Committee and the Finance Committee. Ms. Fetch’s appointment expands Lincoln Electric's... Read More
NORTHAMPTON, MA / ACCESSWIRE / July 20, 2023 / Cummins Inc. Cummins Cummins Inc. has released its new 2023 Human Capital Management Report detailing the company's approach to talent management and the critical role employees play in the global power technology leader's overall success and sustainability. President and CEO Jennifer Rumsey says in the report that Cummins is an exciting place to work as the company strives to... Read More
COLUMBUS, Ind. / Jul 12, 2023 / Business Wire / Cummins Inc. (NYSE: CMI) announced today its Board of Directors has unanimously elected Cummins President and Chief Executive Officer (CEO) Jennifer Rumsey to Chair of the company’s Board of Directors, effective August 1, 2023. Rumsey succeeds Tom Linebarger, who is retiring from both of his Cummins positions as Executive Chairman and Chairman of the Board, effective July 31,... Read More
COLUMBUS, Ind. / Jul 11, 2023 / Business Wire / The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company’s quarterly common stock cash dividend of approximately 7 percent to 1.68 dollars per share from 1.57 dollars per share. The dividend is payable on September 7, 2023, to shareholders of record on August 25, 2023. Cummins has increased the quarterly common stock dividend to shareholders... Read More
COLUMBUS, Ind. / Jun 30, 2023 / Business Wire / Cummins Inc. (NYSE: CMI) has announced the buyout of Air Liquide’s 19% interest in Hydrogenics Corporation. Cummins acquired Hydrogenics in 2019, adding key fuel cell and electrolyzer technologies to its portfolio. Cummins’ buyout reinforces its commitment to these technologies and the increasing importance they will play in creating value for all stakeholders and decarbonizing... Read More
NORTHAMPTON, MA / ACCESSWIRE / June 15, 2023 / For over a year, global power technology leader Cummins Inc. and The Nature Conservancy have collaborated on projects aimed at reducing pollution entering rivers and streams in the Mississippi River Basin. One unique project came about last month when Cummins employees gathered at the Cummins Seymour Engine Plant in Indiana and built nesting boxes for the endangered Hellbender... Read More
COLUMBUS, Ind. / Jun 15, 2023 / Business Wire / Today, Cummins Inc. (NYSE: CMI) announced a new line of Onan RV and Commercial Mobile generators compliant with California Air Resource Board (CARB) Small Off-Road Engines (SORE) 2024 standards. The current spark-ignited product portfolio will be certified to the new regulations. The Onan Quiet Gas portfolio has undergone some mechanical changes and engine calibration... Read More
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Jamestown Engine Plant commits to reducing water waste through reverse osmosis | Cummins Inc. The Cummins Inc. Jamestown (New York) Engine Plant wants to set the standard for plants across the U.S. as it makes progress on the company's goal of having a net positive impact on local communities. Part of Cummins' PLANET 2050... Read More
NASHVILLE, Tenn. / May 30, 2023 / Business Wire / Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU), a global leader in the filtration industry, today announced the closing of its initial public offering (“IPO”) of 16,243,070 shares of its common stock at a price to the public of $19.50 per share, including the underwriters’ full exercise of their option to purchase 2,118,661 additional shares. Shares of Atmus’ common... Read More
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Cummins Cummins Inc. President and CEO Jennifer Rumsey says the climate challenges facing the planet and society will be the company's "moment to shine." Speaking at Cummins' Annual Meeting earlier this month, Rumsey said the company is well positioned to take a leadership role on climate action, helping customers in the... Read More
NASHVILLE, Tenn. / May 25, 2023 / Business Wire / Atmus Filtration Technologies Inc. (Atmus), the Filtration business unit of Cummins Inc. (Cummins; NYSE: CMI), today announced the pricing of its initial public offering (IPO) of 14,124,409 shares of its common stock owned by Cummins at a price to the public of $19.50 per share. The shares are expected to begin trading on the New York Stock Exchange (NYSE) on May 26, 2023... Read More
NORTHAMPTON, MA / ACCESSWIRE / May 24, 2023 / Cummins Inc .: Accelera ™ by Cummins, the zero-emissions business segment of Cummins Inc ., has started operations for electrolyzer production in Fridley, Minnesota - its first electrolyzer production site in the United States. U.S. Department of Energy Secretary Jennifer Granholm, Minnesota Gov. Tim Walz, and other federal, state and local officials joined the ribbon-cutting... Read More
COLUMBUS, Ind. / May 23, 2023 / Business Wire / Cummins Inc. (NYSE: CMI) today announced it has entered into a definitive agreement with Faurecia, a company of the FORVIA Group, to purchase two of Faurecia’s commercial vehicle manufacturing plants and their related activities for EUR142 million. The manufacturing facilities are located in Columbus, Indiana (U.S.), and Roermond, Netherlands. “Cummins and Faurecia have a long... Read More
Today, global power and technology leader Cummins Inc. (NYSE: CMI) announced the 5 millionth engine produced at its Rocky Mount Engine Plant (RMEP) along with its 2.5 millionth engine produced at its Jamestown Engine Plant (JEP). As the company continues to pave a path to a more sustainable future for its products throughout the world, these milestone events are remarkable achievements and just the start of what’s yet to... Read More
COLUMBUS, IN / ACCESSWIRE / May 22, 2023 / Global power technology leader Cummins Inc. and Heliox, a supplier of fast-charging solutions, have signed an agreement to provide both the sale and service of electric vehicle chargers in North America. The collaboration marks a significant step forward in providing EV charging solutions for diverse markets and customers. The agreement will bring both a mobile 50 kW DC charger,... Read More
PUNE, INDIA / ACCESSWIRE / May 19, 2023 / Cummins India Limited (CIL) has received the Excellence in Environmental Management award for the manufacturing sector from the Confederation of Indian Industry - ITC Center for Excellence. The award recognizes Cummins India Limited's innovative approaches and exemplary results in employing policy and practice to reduce its environmental impact. Cummins India has a mature... Read More
NASHVILLE, Tenn. / May 16, 2023 / Business Wire / Atmus Filtration Technologies Inc. (Atmus), the Filtration business unit of Cummins Inc . (Cummins; NYSE: CMI), today announced that it has launched a roadshow for its proposed initial public offering (IPO). The IPO is for 14,124,409 shares of the common stock of Atmus currently owned by Cummins. The underwriters will also be granted a 30-day option to purchase up to an... Read More
COLUMBUS, Ind. / May 09, 2023 / Business Wire / The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.57 dollars per share, payable on June 1, 2023, to shareholders of record on May 19, 2023. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of... Read More
COLUMBUS, IN / ACCESSWIRE / May 9, 2023 / Global power leader Cummins Inc . recently signed a definitive agreement with Tata Motors Limited to manufacture a range of low- to zero-emissions technology products in India over the next few years. The agreement was signed by Jennifer Rumsey, Cummins' President and Chief Executive Officer, and Girish Wagh, Executive Director, Tata Motors, at Cummins' headquarters in Columbus,... Read More
Cummins to reveal zero-carbon H2-ICE concept truck powered by X15H hydrogen engine Accelera to show expanded zero-emissions portfolio for the first time in North America COLUMBUS, Ind. / May 03, 2023 / Business Wire / Cummins Inc. (NYSE: CMI) and Accelera™ by Cummins, Cummins' zero-emissions technology brand, will showcase a variety of technologies in their booth at Advanced Clean Transportation Expo (May 2 to 4, Anaheim,... Read More
Record first quarter revenues of $8.5 billion; Record GAAP 1 Net Income of $790 million EBITDA in the first quarter was 16.1 percent of sales; Record Diluted EPS of $5.55 First quarter results include $18 million, or $0.10 per diluted share, of costs related to the separation of the Filtration business. The company is raising its full year 2023 revenue guidance to be up 15 to 20 percent; an increase from previous guidance of... Read More
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NORTHAMPTON, MA / ACCESSWIRE / April 28, 2023 / Cummins Inc. President and CEO Jennifer Rumsey recently visited Spain to tour the new Accelera by Cummins electrolyzer manufacturing facility under construction there, meeting with employees as well as government and university leaders during her visit. Electrolyzers are critical... Read More
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Cummins Inc. has been named to Ethisphere's list of the World's Most Ethical Companies for a 16th consecutive year. The list honors companies demonstrating business integrity through best-in-class ethics, compliance and governance practices. Ethisphere is a global leader in defining and advancing the standards of ethical... Read More
COLUMBUS, Ind. / Apr 26, 2023 / Business Wire / Global power leader Cummins Inc. (NYSE: CMI) announced today that it has signed a definitive agreement with Tata Motors Limited (TML), to manufacture a range of low- to zero-emissions technology products in India over the next few years. The definitive agreement was signed by Jennifer Rumsey, President and Chief Executive Officer, Cummins Inc., and Girish Wagh, Executive... Read More
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Cummins ' most recent solar installation to go on-line has been honored by the U.S. Department of Energy (DOE). The 3.62 megawatt (MW) solar farm at Cummins' Rocky Mount Engine Plant (RMEP) in North Carolina was recognized with a 2023 Better Project Award. The recognition highlights projects in the energy department's Better... Read More
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On June 18, 2022, locals gathered at Cummins Inc .'s Jamestown Engine Plant (JEP) for its annual Community Recycling Day. Some started arriving as early as 5:30 a.m., eager to safely dispose of the unwanted items they'd been storing. Over 950 cars showed up at the event toting automotive batteries, light bulbs, scrap metals,... Read More
NORTHAMPTON, MA / ACCESSWIRE / April 7, 2023 / With so many different streams of production, when it comes to sustainability, the Columbus Engine Plant aims for continuous improvement. Dave Wehrkamp, the plant's former Health, Safety and Environmental (HSE) leader, says the plant is always looking for ways to improve its sustainability efforts by asking questions like, "What items in the facility are top energy users?" or... Read More
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Cummins President Biden visited Cummins Inc. in Fridley, Minnesota, this week (March 3) as part of the Administration's Investing in America tour, maintaining the Inflation Reduction Act passed by Congress in 2022 is fueling innovation and the clean energy economy. The president spoke for some 30 minutes and toured the... Read More
Accelera™ by Cummins, a business segment of Cummins Inc ., will supply a 90-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Varennes Carbon Recycling's (VCR) plant in Quebec, Canada - a key step in advancing North America's green hydrogen economy. Varennes is a consortium between Shell, Suncor and Proman, with the support of the Canadian and Quebec governments. The biorefinery will be powered by the... Read More
COLUMBUS, Ind. / Apr 03, 2023 / Business Wire / On Monday, April 3, President Biden will visit Cummins Inc. (NYSE: CMI) in Fridley, Minnesota (USA) as part of his Administration’s Investing in America tour. During the visit, President Biden will discuss how his Investing in America agenda is supporting manufacturing, innovation and a clean energy economy, as well as creating good-paying jobs in communities like Fridley and... Read More
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NORTHAMPTON, MA / ACCESSWIRE / March 31, 2023 / Global power and technology leader Cummins Inc. and leading provider of energy storage solutions, Leclanché SA, have announced the signing of a Memorandum of Understanding to collaborate on providing customers with a broader portfolio of integrated power solutions. The memorandum... Read More
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NORTHAMPTON, MA / ACCESSWIRE / March 29, 2023 / Cummins Inc. employees celebrated World Water Day March 22 by conducting more than 20 projects over the month of March highlighting the importance of fresh water and the critical issues facing the natural resource. The activities have ranged from a river cleanup in South Africa... Read More
Global power and technology leader, Cummins Inc. (NYSE: CMI) unveiled its new office location, the Cummins Atlanta Hub (CAH), located in Atlanta, Georgia. The Hub will continue supporting the future success and growth of Cummins, initially serving as the home for the supply chain planning group and members of the information technology team, with more groups to follow in the future. The new project is a direct reflection of... Read More
Plant will use renewable hydrogen and oxygen to turn non-recyclable waste into biofuels and circular chemicals Accelera™ by Cummins, a business segment of Cummins Inc. (NYSE: CMI), will supply a 90-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Varennes Carbon Recycling’s (VCR) plant in Quebec, Canada – a key step in advancing North America’s green hydrogen economy. VCR is a consortium between Shell,... Read More
Jim Schacht to succeed Chandler as Vice President – Corporate Responsibility and Community Relations and CEO of the Cummins Foundation Today, Cummins Inc. (NYSE: CMI) announced that Mary Chandler, Vice President – Corporate Responsibility and Community Relations and CEO of the Cummins Foundation, is retiring later this spring and Jim Schacht, currently a member of the Corporate Responsibility Leadership Team, will succeed... Read More
Global power and technology leader Cummins Inc. (NYSE: CMI) today announced the launch of Accelera by Cummins, a new brand for its New Power business unit. Accelera provides a diverse portfolio of zero-emissions solutions for many of the world’s most vital industries empowering customers to accelerate their transition to a sustainable future. The launch of Accelera is a significant step forward in Cummins’ efforts to achieve... Read More
Cummins Inc. (NYSE: CMI): WHAT: Cummins is hosting a public and media event to share an important announcement about our strategy to accelerate the transition to a decarbonized future. The event will feature remarks from Jennifer Rumsey, President and CEO, and Amy Davis, President – New Power Business. There will be several products on hand as well. WHO: Jennifer Rumsey, President and CEO Amy Davis, President – New Power... Read More
Today, Cummins Inc. (NYSE: CMI) announces the addition of 175kW and 200kW natural gas standby generator sets now ready to order for North American customers. These two new generator sets are a part of Cummins continual investment in new and sustainable technologies as part of Destination Zero, the company’s strategy to reach zero emissions across its products. “The new 175kW and 200kW natural gas generator sets offer our... Read More
Cummins Inc. (NYSE: CMI) today announced that its Filtration business, Atmus Filtration Technologies, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (IPO) of newly issued common stock. Atmus Filtration Technologies intends to apply to have its common stock listed on the New York Stock Exchange (NYSE) under the... Read More
Cummins Inc. (NYSE: CMI) announced today that three leaders were named vice presidents, effective March 1 – Jane Beaman, Andreas Lippert and José Samperio. These appointments showcase the company’s robust succession plans and approach to leadership advancement for continued company development and success. “These three leaders have roles critical to advancing our strategy, ensuring we deliver on our commitments to our... Read More
Today, Cummins Inc. (NYSE: CMI) announces its ISL9 diesel engine is now available up to 540 horsepower for military ground vehicles. The ISL9 is already proven in a wide variety of equipment; commercial on and off-highway and military vehicles like armoured personnel carriers, infantry fighting vehicles and logistical trucks. “Cummins invests heavily in state-of-the-art engineering test cells, balancing key technologies such... Read More
The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.57 dollars per share, payable on March 9, 2023, to shareholders of record on February 24, 2023. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products... Read More
Jonathan Wood to succeed Fier as Chief Technical Officer Today, Cummins Inc. (NYSE: CMI) announced that Jim Fier – Vice President and Chief Technical Officer, after an impactful 36-year career with the company, has decided to retire at the end of March 2023. The company also announced that Jonathan Wood, Vice President of New Power Engineering, will succeed Fier as Chief Technical Officer, effective April 1. “I am grateful... Read More
Cummins Inc. (NYSE: CMI) will supply a 35-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Linde’s new hydrogen production plant in Niagara Falls, New York. Once commissioned, Cummins’ electrolyzer system will power Linde’s largest green hydrogen plant in the U.S., marking significant progress in moving the green hydrogen economy forward. "This project is not only a milestone for Cummins, but also for the... Read More
Transaction will accelerate Cummins’ development of electrified power solutions Global power and technology leader, Cummins Inc. (NYSE: CMI) today announced that it, through its subsidiary Meritor, has completed its acquisition of Siemens’ Commercial Vehicles business, a leading global supplier of high-performance electric drive systems for commercial vehicles. In May 2022, Meritor, Inc. announced it had entered into an... Read More
Cummins Inc. (NYSE:CMI) has taken a minority stake in Exergy Energy, LLC. The Cummins – Exergy Energy partnership allows for the installation of Cummins power system solutions such as generator sets, energy storage systems, and switching equipment at the customer location to power the entire operation during grid outages or times of peak usage with no upfront CAPEX investment by the customer. Exergy Energy’s sophisticated... Read More
Cummins Inc. (NYSE:CMI) has been selected as one of two awardees that will develop, manufacture, test, and produce generator sets in both the 500 kilowatt (kW) skid (MEPGS-10001) and Power Plants (PP) (MEPGS-35001) configurations to meet the electrical power needs for the Large Tactical Power System (LTPS) and the Department of Defense (DoD). LTPS is a modernization program managed by the Product Lead, Large Power Systems... Read More
Third quarter revenues of $7.3 billion GAAP 1 Net Income of $400 million, or 5.5 percent of sales; diluted EPS of $2.82 EBITDA in the third quarter was 12.1 percent of sales Third quarter results reflect: Two months of operations from the acquired Meritor business, including $737 million in revenue and $37 million, or $0.26 per diluted share of GAAP 1 Net Loss. Cummins also incurred $25 million, or $0.13 per diluted share,... Read More
Today, Cummins Inc. (NYSE: CMI) announced that Marvin Boakye will join Cummins as Chief Human Resources Officer, (CHRO) effective November 7, 2022. Boakye most recently served as the Chief People & Diversity Officer at Papa John's International. “Marvin is recognized as a strategic partner, skilled at aligning innovative talent approaches with furthering business goals, and I’m delighted he is joining Cummins at this... Read More
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Cummins Inc. (NYSE: CMI) will soon begin building its new gigawatt electrolyzer manufacturing plant in Guadalajara, Castilla-La Mancha, Spain, reaffirming the company’s commitment to expanding the green hydrogen economy in Europe and globally. Last year, Cummins announced it had selected Spain as the site of a new proton... Read More
The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.57 dollars per share, payable on December 1, 2022, to shareholders of record on November 18, 2022. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products... Read More
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Cummins Inc. (NYSE: CMI) will begin producing electrolyzers in the United States, underscoring the company’s continued dedication to advancing the nation’s green hydrogen economy. Electrolyzer production will take place in Fridley, Minnesota, starting at 500 megawatts (MW) of manufacturing capacity annually, scalable to 1... Read More
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Cummins Inc .'s new Chief Executive Officer urged employees to be advocates for the company's environmental sustainability strategy, maintaining it is integral to the global power leader's mission and future success. Speaking at a recent virtual town hall meeting to some 2,000 Cummins employees, President and Chief Executive... Read More
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Atura Power has selected Cummins Inc. (NYSE: CMI) to design and manufacture the electrolyzer system for its Niagara Hydrogen Centre in Niagara Falls, Ont. This will be Ontario’s first 20-megawatt (MW) green hydrogen facility. Cummins’ proton exchange membrane (PEM) electrolysis system will be manufactured at its Mississauga,... Read More
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With a mission to power a more prosperous world, Cummins Inc. (NYSE: CMI) continues to make significant investments in solar energy with the installation of Cummins’ second largest solar array at Rocky Mount Engine Plant in North Carolina (U.S.). The RMEP solar installation will directly support the company’s environmental... Read More
Cummins Inc. (NYSE: CMI) is showcasing its platform of zero-emissions technologies this week at the IAA Transportation show, the world's largest mobility show, in Hannover, Germany. A range of new Cummins technologies and the recently acquired Meritor ePowertrain technologies are available publicly together for the first time. With over a century of experience as a global power leader, Cummins is solidifying its commitment... Read More
Cummins Inc. (NYSE: CMI) is pleased to announce that its popular Tier 4 QSK95 engine can be safely used with renewable diesel, without any negative impact to its current EPA emission requirements or reliability. “Cummins is ready to assist customers on the decarbonization journey. By working together, we can effect change for today’s climate crisis,” states Cummins General Manager – Rail and Defense, Regina Barringer.... Read More
It’s in the DNA of Cummins Inc. (NYSE: CMI) to solve problems, and the reality of food deserts in communities across the nation is one that has its attention. Through Cummins Advocating for Racial Equity (CARE), the company has committed $800,000 in transformational grant funding to develop and launch mobile grocery markets. With these markets, CARE is taking action to combat the impact of food deserts in Indianapolis,... Read More
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For the first time since finalizing the acquisition of Meritor, Inc. last month, Cummins Inc. (NYSE: CMI) will showcase Meritor’s 17Xe ePowertrain assembled with a Cummins battery system during the IAA Transportation tradeshow in Hannover, Germany. The 17Xe is designed for heavy-duty trucks in the 4x2 and 6x2 segment, with... Read More
Today, Cummins Inc. (NYSE: CMI) announced a $5 million partnership investment with Boston-based Reinventure Capital , an impact fund that invests in U.S. based companies led and managed by people of color and/or womxn. Co-founded and managed by expert impact investor, Edward Dugger, III, Reinventure provides its partners the opportunity to advance racial and gender equity through access to diversified portfolio companies... Read More
Cummins Inc. (NYSE: CMI) will expand PEM electrolyzer manufacturing capacity at its Oevel, Belgium, factory to 1 gigawatt (GW) with the support from the Important Project of Common European Interest (IPCEI) Hy2Tech program. IPCEI – recently approved by the European Commission, with funding granted by Flanders Innovation & Entrepreneurship Agency (VLAIO) – will help Cummins develop a new generation of PEM electrolyzer cell... Read More
Werner Enterprises (Nasdaq: WERN), a premier transportation and logistics provider, and Cummins Inc. (NYSE: CMI), a global power solutions provider, announced today Werner signed a letter of intent to purchase 500 Cummins’ 15-liter hydrogen internal combustion engines upon availability. The two companies announced earlier this year, Werner Enterprises plans to validate and integrate Cummins’15-liter natural gas and Cummins’... Read More
Transport Enterprise Leasing, LLC (TEL) a leading commercial truck and trailer equipment lease and remarketing provider, and Cummins Inc . (NYSE: CMI), a global power solutions provider, announced today that TEL has signed a letter of intent planning to purchase Cummins’ 15-liter hydrogen internal combustion engines when available. TEL will integrate the Cummins’ X15H hydrogen engines into their fleet of heavy-duty trucks.... Read More
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Cummins Inc. (NYSE: CMI) and Buhler Industries Inc. (TSX: BUI), a leading tractor manufacturer under the Versatile brand, announced today that they have signed a letter of intent and plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market.... Read More
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Visitors to Farm Progress will be able to get their first look at the Cummins powered CLAAS TRION 740. Cummins’ clean and efficient L9 engine offers farmers up to 430 hp in this state-of-the-art combine harvester. Ann Schmelzer, Managing Director of Cummins Global Agriculture Business, said: "Cummins has had a strong presence... Read More
Connected engine solutions provide whole machine diagnostics across diverse mobile machines via single interface. Elevāt , the industry leader in off-highway OEM solutions, has partnered with Cummins Inc. (NYSE: CMI) to integrate its Cummins Connected Diagnostics application with the Elevāt Machine Connect IoT platform. This strategic collaboration enables customers to access diagnostic messages and receive real-time alerts... Read More
Global power and technology leader, Cummins Inc. (NYSE: CMI) today announced that it has completed its acquisition of Meritor, Inc., a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. The integration of Meritor’s people, products and capabilities in axle and brake technology will position Cummins as a leading provider of... Read More
Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2022. Second quarter revenues of $6.6 billion increased 8 percent from the same quarter in 2021. Sales in North America increased 15 percent while international revenues decreased 2 percent, driven primarily by a slowdown in China and the indefinite suspension of our operations in Russia. “The company achieved record revenues and solid profitability in... Read More
Today, Cummins Inc. (NYSE: CMI), a global power technology leader announces an investment of $24M into VoltStorage, a leading technology company producing energy storage systems based on environmentally friendly redox flow technology. “Cummins is committed to developing a range of solutions that will enable our customers’ success as we advance our Destination Zero strategy and decarbonize our diverse markets,” said Jennifer... Read More
Today, Cummins Inc. (NYSE: CMI) announced that, effective August 1, 2022, Tom Linebarger will end his term as Chief Executive Officer (CEO) and Jennifer Rumsey, President and Chief Operating Officer (COO), will assume the role of President and CEO. Rumsey will be the seventh CEO and first woman to lead the company since it was founded in 1919. Linebarger will continue to serve as Chairman of the Board of Directors and in an... Read More
The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company's quarterly cash dividend on common stock of approximately 8 percent to 1.57 dollars per share from 1.45 dollars per share. The dividend is payable on September 1, 2022, to shareholders of record on August 19, 2022. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that... Read More
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 and transparency of our financial... Read More
Today, Cummins Inc. (NYSE: CMI) announced a change in the leadership of the company’s Power Systems segment, one of the company’s five business segments. Norbert Nusterer, Vice President and President of Power Systems, has made the decision to leave Cummins after 25 years with the company. Jenny Bush, who is currently Vice President, Cummins Sales and Service – North America, will assume the role of President - Power Systems... Read More
Today, Cummins Inc. (NYSE: CMI), a global power technology leader and Komatsu Ltd., a global provider of equipment and services for the construction and mining industries, have signed a memorandum of understanding to collaborate on the development of zero-emissions haulage equipment. Building on a legacy of diesel engine partnership across a wide variety of mining and construction equipment, Cummins and Komatsu will... Read More
Meritor, Inc. (NYSE: MTOR) today announced that its shareholders have voted to approve the previously announced pending acquisition by Cummins Inc. (NYSE: CMI) at a special meeting. "The strong support our shareholders have expressed for this transaction reflects the compelling value and important opportunity to shape the future of powertrain components and accelerate development of electrified power solutions for commercial... Read More
Cummins Inc. (NYSE: CMI), a global power and hydrogen technologies leader, and Daimler Truck North America (DTNA), the largest heavy-duty truck manufacturer in North America, are collaborating to upfit and validate Freightliner Cascadia trucks with a Cummins hydrogen fuel cell powertrain for use in North America. Freightliner will leverage Cummins’ fourth generation fuel cell powertrain, which provides improved power... Read More
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 June 2, 2022, to shareholders of record on May 20, 2022. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range... Read More
Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2022. First quarter revenues of $6.4 billion increased 5 percent from the same quarter in 2021. Sales in North America increased 12 percent while international revenues decreased 3 percent, driven primarily by a slowdown in China. “Demand for our products remains strong across many of our key markets and regions, resulting in record revenues in the... Read More
Cummins Inc. (NYSE: CMI) today announced that its Filtration business has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed underwritten initial public offering (the "IPO") of newly issued common stock of the business in the United States. The number of shares to be offered and the price range for the IPO have not yet been... Read More
Cummins Inc. (NYSE: CMI) today announced that it has closed on its acquisition of Jacobs Vehicle Systems (JVS) from Altra Industrial Motion Corp. Jacobs Vehicle Systems is a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. The addition of JVS brings new technologies that will provide growth opportunities for Cummins’ current and future advanced engine platforms. The... Read More
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 smart, long-term investments to build a more... Read More
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 of life and our industry will play a... Read More
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 total transaction value of... Read More
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Global power leader Cummins Inc. (NYSE: CMI) announced today that it is expanding its industry-leading powertrain platforms, leveraging a range of lower carbon fuel types. As the industry’s first unified, fuel-agnostic engines, these platforms will use engine blocks and core components that share common architectures and will... Read More
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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... Read More
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 engine platforms. The... Read More
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. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products... Read More
Cummins Inc. (NYSE: CMI) and Westport Fuel Systems Inc. (“Westport”) (TSX:WPRT | Nasdaq:WPRT) have agreed to a share purchase agreement for the sale of Westport’s stake in the Cummins Westport Joint Venture (“JV”) with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins Westport Inc. joint venture agreement terminated effective December 31, 2021. As part of the agreement, Cummins... Read More
Today, Cummins Inc. (NYSE: CMI) Chairman and CEO Tom Linebarger was in Washington, D.C. speaking at a White House event focused on the Build Back Better Act. He joined President Joe Biden and several other business CEOs. Linebarger was one of three CEOs to have a speaking role during the formal press portion that took place at 1 p.m. During his public and private discussions with President Biden and the other business... Read More
Today, Cummins Inc. (NYSE: CMI) named Mark Sifferlen the company’s first Vice President – Chief Risk Officer and leader of Environmental, Social and Governance (ESG) Strategy for the company, effective February 1. The company also named Schuyla Jeanniton Executive Director, Ethics and Compliance, to backfill Mark Sifferlen. Jeanniton will also serve as the Chief of Staff and Quality Lead for the Chief Administrative Officer... Read More
Cummins Inc. (NYSE: CMI) and Isuzu Motors Limited announced an agreement to create a prototype medium-duty, battery electric truck to demonstrate in North America. This truck represents the first zero-emissions solution facilitated by the Isuzu Cummins Powertrain Partnership (ICPP) formed in May 2019. Through this arrangement, Cummins will integrate the Cummins PowerDrive6000 into Isuzu’s F-Series truck and will pilot the... Read More
Today, Cummins Inc. (NYSE: CMI) named Jeff Wiltrout, Vice President- Corporate Strategy, effective immediately. Wiltrout has served in this role on an interim basis since Thad Ewald’s departure from Cummins last year. “I am thrilled to have Jeff take this role, and I’m confident his experience and leadership capabilities make him the ideal leader for this work,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “During his... Read More
Cummins Inc. (NYSE: CMI) and Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) today announced that they have closed on Cummins’ acquisition of 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The joint venture between Rush Enterprises and Cummins will seek to enhance production of near-zero emissions natural gas powertrains by manufacturing Cummins-branded natural gas fuel delivery systems for the... Read More
Cummins Inc. (NYSE: CMI) and Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) today announced that they have closed on Cummins’ acquisition of 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The joint venture between Rush Enterprises and Cummins will seek to enhance production of near-zero emissions natural gas powertrains by manufacturing Cummins-branded natural gas fuel delivery systems for the... Read More
Today, Cummins Inc. (NYSE: CMI) announced that it has named Chris Clulow, Vice President, Investor Relations, and Luther Peters, Vice President, Corporate Controller, effective March 1. Clulow is replacing Jack Kienzler who moved to Cummins Filtration on January 1 and Peters is taking Clulow’s former position. “I am thrilled to have Chris and Luther leading our global finance teams in these new roles,” said Mark Smith, Chief... Read More
Today, Cummins Inc. (NYSE: CMI) announced that Bonnie Fetch has been named Vice President – Global Supply Chain and Manufacturing, effective February 1. Fetch currently serves as Vice President – North America Regional Operating Team and Distribution Business Supply Chain Services. “Bonnie is the right person for this role as we continue navigating supply chain challenges and executing our Supply Chain transformation,” said... Read More
On December 14, the Board of Directors of Cummins Inc. (NYSE: CMI) authorized the Company to repurchase up to $2 billion in shares of common stock upon completion of its 2019 $2 billion share repurchase program. "The latest share repurchase program reinforces our commitment to delivering strong returns to shareholders and reflects our confidence in our long-term performance," said Tom Linebarger, Cummins Chairman and Chief... Read More
Century Aluminum Company (NASDAQ: CENX) announced today that its Board of Directors (the “Board”) increased the size of the Board from five to six members on December 6, 2021 and appointed Jennifer (“Jenny”) Bush as an independent director effective immediately with a term expiring at Century’s annual meeting of stockholders in 2022. Ms. Bush has been with Cummins Inc. (NYSE: CMI) since 1997 and has been serving as the Vice... Read More
Cummins Inc. (NYSE: CMI) has entered into an agreement with Sion Power Corporation, a leading developer of high-energy rechargeable battery technology, to design and supply battery cells based on their proprietary lithium metal technology for commercial vehicle applications. In connection with the agreement, Cummins has made an investment in Sion Power. The investment provides Cummins a minority stake in Sion Power, allows... Read More
Today, Cummins Inc. (NYSE: CMI) announced that Steph Disher has been named Vice President – Cummins Filtration, effective November 15. Disher began leading the Filtration business in August 2020, navigating the business during the global pandemic and related ongoing supply chain constraints. Through these challenges, the business consistently has delivered solid financial performance. Disher has led the business as Cummins... Read More
Cummins Inc. (NYSE: CMI) was named today one of 45 inaugural recipients of the Terra Carta Seal, an initiative led by the United Kingdom’s Prince Charles to recognize businesses for their commitment to environmental sustainability and decarbonization. Inspired by the Magna Carta, the medieval document that remains an important symbol of liberty around the world, the Terra Carta is a recovery plan for the planet that serves... Read More
Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2021. Third quarter revenues of $6.0 billion increased 17 percent from the same quarter in 2020. Sales in North America increased 13 percent while international revenues increased 22 percent driven by strong demand across all global markets outside of China compared to the same quarter in 2020. “Demand remained strong in the third quarter as the global... Read More
Cummins Inc. (NYSE: CMI) Chairman and CEO Tom Linebarger, which announced the company’s support on October 1 for the climate change provisions of the reconciliation bill, today said he is pleased with the progress on both the Infrastructure, Investment and Jobs Act and the Build Back Better Act framework, and encourages Congress to pass the legislation quickly. Linebarger issued the following statement: “We are pleased with... Read More
Cummins Inc. (NYSE: CMI) announced today it has been accepted into two influential groups advocating for climate action ahead of the global COP26 climate summit in Glasgow, Scotland (U.K.) starting Oct. 31. The Business Ambition for 1. 5°C campaign encourages companies to set robust emission reduction goals for greenhouse gases (GHGs) using science-based targets aligned to the 2015 Paris Climate Accords. By extension,... Read More
Cummins Inc. (NYSE: CMI) today announced that it will bring to market a 15-liter natural gas engine for heavy-duty trucks. The 15-liter natural gas engine is an important part of Cummins strategy for its path to zero emissions to go further, faster to reduce the greenhouse gas and air quality impacts of its products in a way that is best for its customers and all stakeholders. The strategy focuses on new powertrains... Read More
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 December 2, 2021, to shareholders of record on November 19, 2021. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products... Read More
Cummins Inc. (NYSE: CMI), a global power technology leader, will be launching a set of software features to integrate its powertrains with Automated Driving System (ADS) technologies. Cummins is a market leader in delivering powertrains that provide leading performance and fuel economy through the integration of hardware and software. With these new software features, Cummins will extend these core capabilities into the ADS... Read More
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Today, Cummins Inc. (NYSE: CMI) announces the new SD 20 diesel generator set for commercial mobile applications. The SD 20 is well suited for a variety of trailer and vehicle applications such as disaster relief, mobile medical, mobile command centers, ambulances, food trucks, utility boom trucks and many others. "We are... Read More
Headline of release should read: Cummins Encourages Congress to Pass Reconciliation Bill to Combat Climate Change and Invest in a Decarbonized Future (instead of Cummins Encourages Congress to Pass 265800 Bill to Combat Climate Change and Invest in a Decarbonized Future). The updated release reads: CUMMINS ENCOURAGES CONGRESS TO PASS RECONCILIATION BILL TO COMBAT CLIMATE CHANGE AND INVEST IN A DECARBONIZED FUTURE Cummins... Read More
Cummins Inc. (NYSE: CMI) today announced its support for the climate change provisions of the reconciliation bill and encourages Congress to pass the legislation. The path to a decarbonized and sustainable future requires the engagement of everyone – government, businesses of all sizes, as well as communities and individuals. “The decarbonization investments in the reconciliation bill are critical to accelerating the... Read More
Daimler Truck AG and U.S.-based global power leader and engine manufacturer Cummins Inc. (NYSE: CMI) announced in February that they would enter into a global strategic partnership for medium-duty engines. The details of the agreement have been established and the framework agreement has been signed by both companies. Under the strategic partnership, Cummins will invest in the further development of the medium-duty engine... Read More

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