Press Releases and Media Contacts
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Cummins Inc. (NYSE: CMI) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. LLC (GS&Co.) to repurchase $500 million of Cummins’ common stock. Today’s ASR is part of Cummins’ previously announced share repurchase plans authorized by the Board of Directors and is consistent with the company’s plans to return 75 percent of Operat
Cummins Inc. (NYSE: CMI) is returning to motorsports with Stewart-Haas Racing (SHR), the championship-winning NASCAR team. Cummins will debut on the No. 14 Ford Fusion of driver Clint Bowyer in the Aug. 18 Monster Energy NASCAR Cup Series race at Bristol (Tenn.) Motor Speedway and the Sept. 9 race at Indianapolis Motor Speedway, sharing the primary sponsorship with Rush Truck Centers, the premi
Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2018. Second quarter revenues of $6.1 billion increased 21 percent from the same quarter in 2017 and reached a new quarterly record. The Company delivered growth in most major markets as demand for trucks, construction, mining and power generation equipment all improved. Currency favorably impacted revenues by
Today Cummins Inc. (NYSE:CMI) announced the production of the two millionth engine at its Jamestown Engine Plant (JEP) in Jamestown, New York. JEP remains one of the company’s largest manufacturing facilities; it accounted for 14.7 percent of Cummins total engine production in 2017. Cummins acquired the more than one million-square-foot facility in 1974, using it initially to manufacture engine
Cummins Inc. (NYSE: CMI) announced a settlement agreement has been reached with JM Turbo Technology Corporation precluding the manufacture or sale of products that infringe Cummins patents. As part of the settlement agreement, JM Turbo Technology acknowledged it illegally marketed and sold turbochargers protected by Cummins’ patents and other intellectual property rights registered in mul
Cummins Inc. (NYSE: CMI) today announced that it is acquiring Silicon Valley-based Efficient Drivetrains, Inc. (EDI), which designs and produces hybrid and fully- electric power solutions for commercial markets. Adding EDI to the Cummins portfolio is the latest step forward in Cummins’ efforts to become a global electrified power leader. "As power needs and technologies continue to evolve, Cumm
Building on a well-established product portfolio, Cummins revealed its new Stage V power unit range at Hillhead 2018, Buxton, June 26-28, 2018. Delivered as a complete and ready-made package, Cummins power units comprise a Stage V engine, exhaust aftertreatment system, radiator and cooling system – as well as auxiliaries such as mounting feet, hoses and an air cleaner. Jeroen van Ginneken
Cummins ranked 12 on the 2018 annual list, which included more than 1,000 participating companies. "The more we grow and expand globally, the more important it is that we attract and develop employees from around the world who have the knowledge and skills to work effectively in the markets in which we do business,” said Kelley Bertoux Creveling, Executive Director – Global Diversity and
The portfolio includes battery packs and battery modules that can be integrated expertly with Cummins’ new electric and hybrid powertrain portfolio, providing customers with a broad range of flexible, scalable power solutions for small and large commercial applications. “With a 100-year-long track record of powering our customers’ success, Cummins is leading the way in transforming the fu