Cummins Inc.

Cummins gets long-term engine supply deal with Navistar

Diesel engine leader Cummins Inc. (NYSE: CMI) will supply medium- and heavy-duty truck and bus engines to Navistar International Corp. (NYSE: NAV) through the next two emission cycles, or 2026.

“This new long-term agreement with Cummins, in combination with our proprietary powertrains, will offer International customers the most competitive and fuel-efficient engines in the market,” said Phil Christman, president of operations for Navistar. 

Navistar also will spend less to meet future emissions...

https://www.freightwaves.com/news/cummins-gets-long-term-engine-supply-deal-with-navistar

Cummins dives into hydrogen as traditional engine business stalls

Cummins Inc. (NYSE: CMI) is acquiring businesses, forming partnerships and investing research dollars into a future hydrogen economy. Its across-the-board bets cover fuel cells for trains, ships and trucks – and the hydrogen fuel to power them.

The global leader in diesel engines recently formed a New Power unit as a home for its growing portfolio. The unit lost $38 million before interest, taxes, depreciation and amortization (EBITDA) in the second quarter on $10 million in revenue. But like...

https://s29755.pcdn.co/news/cummins-dives-into-hydrogen-as-traditional-engine-business-stalls

China rebound helps Cummins post Q2 earnings and sales beat

Engine maker Cummins Inc. (NYSE: CMI) soundly thrashed estimates for its sales and profits in the second quarter, riding a rebound in demand as the Chinese economy bounced back from the coronavirus pandemic.

“Many of our [Chinese] facilities went from complete shutdown in February and March to producing record volumes in the second quarter,” CEO Tom Linebarger said in a statement.

Cummins’ earnings before interest, taxes, depreciation and amortization (EBITDA) was $549 million, or $1.86 per fully...

https://s29755.pcdn.co/news/china-rebound-helps-cummins-post-q2-earnings-and-sales-beat

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