Cummins Inc - CMI STOCK NEWS

Accelera, Cummins Inc.'s [NYSE: CMI] zero-emissions segment, hosted Spanish Prime Minister Pedro Sánchez at its electrolyzer manufacturing facility in Guadalajara, Spain. The 260,000 square-foot facility, which began production in April 2024, manufactures proton exchange membrane (PEM) electrolyzers and has created 91 highly skilled jobs.

The facility currently has 500MW of production capacity, scalable to 1-gigawatt (GW). Accelera is currently producing a 100-megawatt (MW) electrolyzer system for bp's green hydrogen plant in Lingen, Germany, marking its largest project to date. The company has deployed over 600 electrolyzer units globally.

Following the Prime Minister's visit, Accelera held a meeting with industry leaders to discuss advancing Spain's position as Europe's hydrogen hub. Spain currently promotes 20% of Europe's green hydrogen projects and aims to reach 12 GW of installed electrolyzers.

Cummins Inc. (NYSE: CMI) announced the retirement of Chief Administrative Officer Sharon Barner, effective May 31, after 13 years with the company. Barner's career highlights include serving as Vice President and General Counsel from 2012, before becoming CAO in 2021.

During her tenure, Barner led 12 corporate functions, managed the company's COVID-19 response, and oversaw several major acquisitions including Meritor, Cummins' largest acquisition to date. She also played a key role in the successful separation of Cummins' Filtration business (Atmus) last year.

Prior to Cummins, Barner spent 27 years in private practice law firms and served in the U.S. Department of Commerce as Deputy Under Secretary for Intellectual Property. Her replacement will be announced in the coming weeks.

Cummins Inc. (NYSE: CMI) has unveiled its new B7.2 diesel engine at NTEA Work Truck Week in Indianapolis, expanding its B-Series HELM™ platform. The engine features increased displacement to 7.2L and delivers 240 to 340 hp with 650 to 1,000 lb.-ft of torque.

The B7.2 is designed for medium-duty and vocational applications, including bus, pickup & delivery, utility trucks, refuse, and towing. Key features include automatic engine shutdown, stop-start capability for improved emissions, compression release engine brake, and extended oil drain interval options.

The engine integrates Cummins' digital technologies through Acumen® smart computing hardware, offering predictive capabilities and over-the-air features. Production will begin in 2027 at the Rocky Mount Engine Plant in North Carolina.

Accelera, Cummins Inc.'s [NYSE: CMI] zero-emissions segment, has signed an MOU with GAIL, India's leading natural gas company, to advance green hydrogen initiatives in India. The partnership builds on their successful collaboration in Vijaipur, where Accelera's 10-megawatt PEM electrolyzer system produces 4.3 tons of green hydrogen daily for GAIL's operations.

The collaboration aims to explore opportunities in hydrogen production, blending, transportation, and storage, leveraging Accelera's hydrogen technology expertise and GAIL's natural gas infrastructure. The partnership will evaluate projects across transport, power, and steel sectors, supporting India's goal of producing 5 million tons of green hydrogen annually by 2030.

Accelera brings significant experience with over 600 electrolyzer units deployed globally, including notable projects like a 20MW facility in Quebec and a 25MW system in Florida.

Cummins (NYSE:CMI) has unveiled the X10, a new mid-bore heavy-duty engine set to launch in 2027. The X10 will replace both the L9 and X12 engine platforms, offering dual rating configurations: up to 450 horsepower and 1,650 lb-ft torque for heavy-duty applications, and up to 380 horsepower and 1,250 lb-ft torque for medium-duty needs.

The engine features enhanced Power Take-Off capability of 590 lb-ft continuous and 664 lb-ft intermittent, and comes equipped with Cummins' digital technologies through Acumen®. The X10 is part of the Cummins HELM™ platform, allowing customers to choose their preferred fuel type while maintaining performance and reliability.

The engine boasts a class-leading power-to-weight ratio and integrates with transmission options, including Eaton Cummins Joint Venture powertrains. The launch will follow extensive validation and millions of miles of planned on-road testing.

Cummins Inc. (NYSE: CMI) has unveiled its new 2025 6.7-liter Turbo Diesel Pickup engine system for Ram Heavy Duty, extending their partnership with Stellantis through 2030. The advanced engine system will be featured in the 2025 Ram 2500, 3500 Heavy Duty Pickups and Ram 3500, 4500, and 5500 Chassis Cab trucks.

The new engine delivers enhanced performance with High-Output ratings of 430 horsepower and 1,075 lb.-ft. of torque for Pickups, and 360 horsepower and 800 lb.-ft. of torque for Chassis Cab. Key improvements include a brand-new 8-speed transmission, improved acceleration and towing capabilities, reduced noise and vibration, advanced emissions air handling, and enhanced serviceability features including top-side maintenance access and in-cab software updates.

The engine, manufactured in Columbus, Indiana, represents a significant evolution from the first-generation 5.9-liter, 160-horsepower engine to today's more powerful 6.7-liter version.

Cummins Inc. (CMI) announced two key leadership changes effective March 15. Bonnie Fetch, currently VP and President of Distribution Business, has been promoted to Executive VP and President of Operations, succeeding Srikanth Padmanabhan who announced retirement in January. Fetch, who joined Cummins in 2018 after 20 years at Caterpillar, will oversee New and Recon Parts business and global operating functions.

Shon Wright, currently VP of Cummins Components and Software, has been appointed VP and President of Distribution Business. Wright, with 22 years at Cummins, will focus on sales and service support, employee development, and operational performance. Both appointments reflect the company's commitment to advancing its Destination Zero strategy and delivering customer-focused solutions.

The Board of Directors of Cummins (NYSE: CMI) has declared a quarterly cash dividend of $1.82 per share. The dividend will be paid on March 6, 2025, to shareholders who are on record as of February 21, 2025.

Cummins Inc. (NYSE: CMI) has announced the acquisition of First Mode's assets, a leader in retrofit hybrid solutions for mining and rail operations. The acquisition encompasses hybrid mining and rail product lines, along with the complete IP portfolio including hydrogen and battery powertrain solutions.

The deal includes First Mode's commercial portfolio, manufacturing and technical teams across Australia, United States, and Chile. The technology represents the first commercially available retrofit hybrid system for mining equipment, promising reduced total cost of ownership while advancing decarbonization efforts.

First Mode will continue serving customers through the transition, with product shipments expected in Q1. The acquired operations will be integrated into Cummins' Power Systems industrial segment, strengthening the company's position in providing decarbonization solutions for the mining industry through product hybridization and clean fuels such as ethanol and methanol.