COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.68 dollars per share, payable on March 7, 2024, to shareholders of record on February 23, 2024. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design,… Continue reading Cummins Inc. Declares Quarterly Common Stock Dividend
Author: BusinessWire Online News
Allison Transmission Announces Record Fourth Quarter and Full Year 2023 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN) today reported an 8 percent increase in fourth quarter net sales from the same period in 2022, propelling full year net sales to a record $3.04 billion. Diluted EPS for the year increased 34 percent from 2022 to a record $7.40. David S. Graziosi, Chairman and Chief Executive… Continue reading Allison Transmission Announces Record Fourth Quarter and Full Year 2023 Results
Valmet Automotive received top CDP rating for climate work
Valmet Automotive has systematically developed its processes and reporting to meet the Paris Agreement target of limiting global warming to 1.5 degrees Celsius. In the CDP assessment, the company received full marks in the categories of Scope 1 and 2 emissions reporting, risk assessment and management processes, and good governance. Valmet Automotive achieved the A-… Continue reading Valmet Automotive received top CDP rating for climate work
Cummins Elects John H. Stone to its Board of Directors
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced the election of John H. Stone to its Board of Directors. “I am delighted to welcome John to our Board of Directors,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “John joins our board with deep expertise in our industry and leading strategic, technology-led growth and expansion… Continue reading Cummins Elects John H. Stone to its Board of Directors
Allison Transmission’s 3414 Regional Haul Series™ Selected by One of the World’s Largest Logistics Companies for Natural Gas-Powered Fleet
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission is pleased to announce a leading global logistics and delivery company will add Freightliner Cascadia compressed natural gas (CNG) day cab tractors equipped with the Allison 3414 Regional Haul Series™ (RHS) transmission to its fleet of 18,000 tractors. After initially introducing the 3414 RHS into Cascadia models paired with the DD13 diesel… Continue reading Allison Transmission’s 3414 Regional Haul Series™ Selected by One of the World’s Largest Logistics Companies for Natural Gas-Powered Fleet
Allison Transmission Partners with Volare to Introduce South America’s First School Buses Equipped with Fully Automatic Transmissions
INDIANAPOLIS–(BUSINESS WIRE)–In partnership with Volare, Brazil’s leading minibus manufacturer, Allison Transmission will equip South America’s first school buses with fully automatic transmissions. Brazil’s National Fund for Educational Development (FNDE), a federal agency connected to the Ministry of Education, recently announced grants to finance 320 new buses equipped with Allison Torqmatic™ Series transmissions as part of… Continue reading Allison Transmission Partners with Volare to Introduce South America’s First School Buses Equipped with Fully Automatic Transmissions
Cummins Reports Fourth Quarter and Full Year 2023 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2023 results. “High global demand for Cummins’ diverse set of innovative products drove record full year revenues and operating cash flow in 2023,” said Jennifer Rumsey, Chair and CEO. “Excluding the impacts related to the agreement to resolve U.S. regulatory claims, 2023… Continue reading Cummins Reports Fourth Quarter and Full Year 2023 Results
Allison Transmission to Drive Innovation with New Venture Capital Arm
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced it is launching Allison Ventures. Allison Ventures will strategically invest in, and partner with, start-up and growth-stage companies to foster advancements… Continue reading Allison Transmission to Drive Innovation with New Venture Capital Arm
Toyoda Gosei Increases Interior and Exterior Automotive Parts Production Capacity in USA
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) will invest $59.9M (USD) to increase production capacity at two of its American subsidiaries, TG Missouri Corporation (TGMO) and TG Kentucky, LLC (TGKY), to keep up with growing sales of interior and exterior automotive parts in the key North American market. In the coming years automakers are expected… Continue reading Toyoda Gosei Increases Interior and Exterior Automotive Parts Production Capacity in USA
Allison to Provide e-Axles to Oshkosh Corporation for North America’s First Fully Integrated, Zero-Emission Electric Refuse Collection Vehicle
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is proud to be selected by Oshkosh Corporation as its electric axle supplier for North America’s first fully integrated, zero-emission electric refuse collection vehicle. The Allison eGen Power® 100S has been successfully integrated into the McNeilus® Volterra™… Continue reading Allison to Provide e-Axles to Oshkosh Corporation for North America’s First Fully Integrated, Zero-Emission Electric Refuse Collection Vehicle