As a result of the change negotiations, Valmet Automotive has decided to temporarily lay off a maximum of 860 employees until further notice. Some of the layoffs will be part-time. In addition, the employment of a maximum of 235 people will be terminated. The total impact of the reductions is a maximum of 1,030 person-years.… Continue reading Valmet Automotive concludes change negotiations
Author: BusinessWire Online News
Valmet Automotive and Patria signed a Letter of Intent on armored vehicle production and testing
At the beginning of September, Valmet Automotive confirmed a new strategy outlining that in the future, the company will offer its in-depth expertise in industrial serial production to a variety of industries beyond the automotive industry. To the defense sector, Valmet Automotive offers the ability to manufacture technologically complex products and quickly increase the customer’s… Continue reading Valmet Automotive and Patria signed a Letter of Intent on armored vehicle production and testing
Cummins Reports Strong Third Quarter Operating Results, Records Non-Cash Charges Related to its Electrolyzer Business
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2025. “Cummins delivered strong operating results in the third quarter, driven by profitable growth in our Power Systems and Distribution segments, due in part to continued rising demand for backup power for data centers. Effective cost management across the company helped… Continue reading Cummins Reports Strong Third Quarter Operating Results, Records Non-Cash Charges Related to its Electrolyzer Business
Cummins Inc. Declares Quarterly Common Stock Dividend
COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 2.00 dollars per share. The dividend is payable on December 4, 2025, to shareholders of record on November 21, 2025. About Cummins Inc. Cummins Inc., a global power leader, is committed to powering a more… Continue reading Cummins Inc. Declares Quarterly Common Stock Dividend
Toyoda Gosei Invests in EF Polymer, a Startup Developing Super-Absorbent Polymers Derived from Nature
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. has invested in EF Polymer K.K., a startup developing super-absorbent polymers that are made using orange and banana peels. Go to Source
Cummins and Komatsu to Collaborate on Joint Mining Hybrid Development and Deployment Plan
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI), a global power technology leader, and Komatsu Ltd., a global provider of equipment and services for the construction and mining industries, have signed a memorandum of understanding (MOU) to collaborate on the development of hybrid powertrains for surface haulage heavy mining equipment. As part of this collaboration, Komatsu has… Continue reading Cummins and Komatsu to Collaborate on Joint Mining Hybrid Development and Deployment Plan
Toyoda Gosei Develops “METEOCOAT” Painting Technology That Gives Offroad Vehicles a Powerful Appearance
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei has developed “METEOCOAT,” which adds uneven texture to painted surfaces of plastic exterior parts as a decorative variation. Go to Source
Cummins Reports Second Quarter 2025 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2025. “We delivered strong second quarter results, driven by record profitability in our Power Systems and Distribution segments,” said Jennifer Rumsey, Chair and CEO. “Our employees’ resilience and commitment continue to power our success in a dynamic environment. We see a… Continue reading Cummins Reports Second Quarter 2025 Results
Cummins Inc. Increases Quarterly Common Stock Dividend
– Cummins Inc. Increases Quarterly Common Stock Dividend COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company’s quarterly common stock cash dividend of approximately 10% from 1.82 dollars per share to 2.00 dollars per share. The dividend is payable on September 4, 2025, to shareholders of… Continue reading Cummins Inc. Increases Quarterly Common Stock Dividend
Cummins Elects Matthew Tsien to its Board of Directors
– Cummins Elects Matthew Tsien to its Board of Directors COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced the election of Matthew Tsien to its Board of Directors. “I am honored to welcome Matt to our Board of Directors,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “His deep technical expertise, global leadership experience and… Continue reading Cummins Elects Matthew Tsien to its Board of Directors