Welcome to our dedicated page for Cummins news (Ticker: $CMI), a resource for investors and traders seeking the latest updates and insights on Cummins stock.
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Cummins Inc., a global power technology leader, announced a $580 million project in Rocky Mount, NC, to drive economic growth and create 80 new jobs. The project aligns with Cummins' Destination Zero Strategy for zero emissions, involves upgrading manufacturing equipment, and supports decarbonization efforts. Cummins' commitment to the community includes partnerships with educational institutions and local organizations, showcasing a dedication to sustainability and community impact.
Valvoline Global and Cummins Inc. are celebrating their 30th anniversary of partnership, highlighting their joint efforts in developing cutting-edge products. The collaboration has resulted in premium engines, generators, lubricants, and fluid solutions that enhance customer value and efficiency. Both companies have received recognition for their innovative products, with plans for further expansion and impact in global automotive and industrial sectors.
Accelera by Cummins, a zero-emissions business segment of Cummins Inc., is collaborating with BMC Otomotiv to provide battery solutions for their transit bus operations in Europe, marking the first use of the BP97E battery pack in the region. The high-energy-density battery pack offers up to 97 kWh storage capacity, allowing for efficient and reliable transportation while promoting sustainability. The project is set to deliver batteries in the first half of 2024 and buses to customers in 2025.
TCPL GES inaugurated a new state-of-the-art manufacturing facility in India to produce hydrogen-based Internal Combustion Engines for commercial vehicles and low to zero emission technology products. The facility reflects Tata Motors and Cummins' commitment to innovation, manufacturing excellence, and environmental sustainability. The partnership aims to advance decarbonization strategies, shaping a cleaner and sustainable future for India. Tata Motors and Cummins have a 30-year partnership and formed TCPL GES to develop low and zero-emission propulsion technology solutions for commercial vehicles, supporting India's net-zero ambitions.
Cummins Inc. (NYSE: CMI) reported first quarter 2024 results with revenues of $8.4 billion and GAAP Net Income of $2.0 billion. The company raised full-year revenue guidance, expecting a 2% to 5% decline, and EBITDA is forecasted to be in the range of 14.5% to 15.5%. Cummins remains focused on advancing innovative power solutions and profitable growth.
Cummins Inc. introduces Cummins Helm(TM) Platforms aimed at higher efficiency, lower emissions, and the use of multiple fuels. The company focuses on providing customers with the optionality needed to align with their operational and sustainability objectives.
Cummins Inc. (NYSE: CMI) has appointed Alison Trueblood as Vice President of Cummins Emissions Solutions, effective May 1. Trueblood's vast experience in leadership roles within Cummins, particularly in fuel cell and hydrogen technologies, makes her well-suited to lead the company through stricter emissions regulations and the transition to a more sustainable future. Her global experience and business acumen will be instrumental in executing Cummins' Destination Zero strategy and strengthening the company's position in the market.
Cummins Inc. (NYSE:CMI) has appointed four new leaders to the role of vice president, in addition to one already appointed earlier in January. The new leaders have been recognized for their expertise, commitment to the company's culture, and ability to drive success in the ever-evolving energy transition. Each leader brings unique skills and experiences that will help position Cummins for greater success in the future.
