Cummins Inc Stock Price, News & Analysis

Cummins Inc. (NYSE: CMI) has unveiled its next-generation 6.7-liter Turbo Diesel engine system for the 2025 Ram Heavy Duty trucks, extending their partnership with Stellantis through 2030. 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.

The 2025 model features significant improvements including a brand-new 8-speed transmission, advanced emissions air handling, new high-pressure fuel delivery system, and improved serviceability. Notable enhancements include faster acceleration, better towing capabilities, reduced noise and vibration, and improved cold-start management with advanced glow plug technology. The engine will be offered in the 2025 Ram 2500, 3500 Heavy Duty Pickups and Ram 3500, 4500, and 5500 Chassis Cab trucks.

Cummins has detailed the evolution and key differences between turbochargers for natural gas and diesel engines. Natural gas turbochargers have undergone significant changes over the past decade, driven by emissions regulations and the adoption of stoichiometric burning. Modern natural gas turbochargers feature distinct components including dual wastegate ports, larger actuators (T4 vs T2), and specialized housing materials to handle higher temperatures exceeding 760°C.

Unlike diesel engines that operate with a lean burn, natural gas engines require a precise 1:1 air-to-fuel ratio, resulting in smaller turbochargers. The shift to stoichiometric burning has reduced the need for complex aftertreatment systems, lowering overall engine and turbo costs while meeting strict emissions standards.

Cummins Inc. highlights the success story of Aidan, a Level Two Engine Field Service Technician who graduated from their Technician Apprentice Program (TAP). After joining in July 2019, Aidan completed his Associate of Applied Science in Diesel Systems Technology as valedictorian and now specializes in Accelera products and zero-emission technologies. His role involves diagnostics, repairs, and customer service, contributing to Cummins' transition toward sustainable transportation solutions. The company emphasizes its commitment to developing cleaner technologies through its comprehensive portfolio of power solutions, including internal combustion, electric, and hybrid integrated systems.

Marina Savelli, a 30-year veteran at Cummins Inc., has been appointed as Vice President of the Engine Business Off-Highway Markets. Throughout her career, she has held various roles globally, notably leading Filtration Latin America in Brazil where she doubled the company size. Born and raised in Brazil, Marina's Hispanic heritage has influenced her leadership style and business approach. Her achievements include expanding operations, adding a second shift to the plant in Brazil, and contributing to Cummins' growth across different functions. Marina emphasizes the importance of delivering results, being curious, and networking for career development.

Cummins highlights the importance of specialized turbochargers for natural gas engines, which differ significantly from diesel engine turbos. Natural gas turbochargers are designed for stoichiometric burn (1:1 air-to-fuel ratio) and require smaller sizes due to lower air requirements. They must withstand higher operating temperatures, featuring water-cooled bearing housings and high-temperature materials at the turbine stage. The company's Holset® turbos address specific challenges like high-altitude performance and material selection, particularly important for markets like China where engines often operate at elevated altitudes. While initial costs may be higher, these turbochargers offer lower total operational costs and better emissions compliance.

Cummins India has launched REDEFINE 2024, its annual B-school case study competition, engaging 18 premier business schools across India. The competition focuses on how digital solutions can advance sustainability in traditional businesses, particularly emphasizing ESG reporting and emissions reduction. Open to first and second-year MBA students, the competition will conclude with a grand finale at Cummins India's Pune campus on November 14-15, 2024.

The winning team will receive a cash prize and access to Cummins India's mentorship program. Last year's competition saw participation from 3,752 students across 938 teams. The initiative aims to challenge aspiring business leaders to address real-world sustainability challenges through digital innovation.

Cummins Inc. reports significant progress in reducing Volatile Organic Compounds (VOC) emissions, achieving a 35% reduction as of 2023 towards their 2030 goal of 50% reduction from 2018 levels. Over 70% of the company's VOC emissions come from painting and coating processes. The company implements various reduction strategies including: eliminating paint usage where possible, switching to waterborne paints, and optimizing painting processes. Notable achievements include a 69% VOC reduction at the Daventry Engine Plant and development of new paint filters at Jamestown Engine Plant reducing waste by 30%. The Darlington Engine Plant aims for 70% VOC reduction through water-based paint conversion.

Cummins has announced a new partnership with the Arbor Day Foundation to plant 315,000 seedlings in the Mississippi River Valley Region and across North America. The initiative aims to sequester over 200,000 metric tons of CO2 over 40 years and provide 100M gallons of annual water benefits. The project includes local community planting opportunities, with Cummins employees recently planting 30 trees at Island Lake County Park in Shoreview, Minnesota. The reforestation effort will support habitat creation, water quality improvements, climate change mitigation, and erosion control.

Cummins Inc. outlines its strategy for navigating the energy transition through tech neutrality and its Destination Zero initiative. The company emphasizes that unlike passenger vehicles, commercial and industrial applications require diverse decarbonization solutions. Through its broad portfolio approach, Cummins aims to reduce cumulative carbon by an estimated 1.4 gigatons. The strategy includes advancing both traditional technologies like fuel-agnostic internal combustion engines and new zero-emissions solutions through Accelera. The company highlights how different markets, from buses to mining trucks to long-haul vehicles, require tailored solutions based on their unique operational demands and infrastructure requirements.