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.
Cummins Inc. reports news on its global power technology business, including engines, components, distribution, power systems and Accelera by Cummins. Company updates commonly cover diesel, electric and hybrid powertrains, integrated power generation systems, aftertreatment, turbochargers, fuel systems, controls, transmissions, axles, brakes, battery and electric powertrain systems, and other zero-emissions technologies.
Recurring developments include quarterly operating results, segment performance, demand trends in truck markets and data center backup power, customer technology demonstrations, powertrain collaborations, emissions recall activity, dividend declarations and portfolio actions within Accelera.
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Cummins Inc. (NYSE: CMI) has signed a definitive agreement with Tata Motors Limited (NYSE: TTM) to manufacture low- to zero-emissions technology products in India. This collaboration, furthering their 30-year partnership, builds upon a prior Memorandum of Understanding from November 2022. The new entity, TCPL Green Energy Solutions Private Limited, will focus on developing hydrogen-powered combustion engines, fuel delivery systems, and electric powertrains under the Accelera brand. This initiative aims to support India's net-zero goals, provide sustainable mobility solutions, and enhance air quality. Cummins President Jennifer Rumsey emphasized partnership in advancing clean technologies, while Tata's Girish Wagh stated their commitment to achieving net-zero emissions in commercial vehicles by 2045.
Cummins has been recognized by the U.S. Department of Energy for its solar installation at the Rocky Mount Engine Plant in North Carolina, awarded with a 2023 Better Project Award. The 3.62 megawatt (MW) solar farm, operational since September 2022, generates approximately 5.6 million kilowatt hours of energy annually, significantly reducing grid electricity purchases. This initiative is part of the DOE's Better Buildings/Better Plants program, aimed at improving energy efficiency among leading manufacturers. The project includes unique solar tracking panels, enhancing efficiency on available land. Cummins aims to meet its PLANET 2050 sustainability goals, targeting a 50% reduction in greenhouse gas emissions by 2030 and striving for zero emissions by 2050. To date, Cummins has completed 65 solar array installations globally.
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