A pilot project of Valmet Automotive and Telia, one of Finland’s leading ICT companies, is testing a globally pioneering technology that enables experts to collaborate in real time, even from different parts of the world. A service robot has now built a virtual world of the Innovation Center at the Uusikaupunki car plant. Valmet Automotive’s… Continue reading Valmet Automotive created a virtual world in the car plant
Author: BusinessWire Online News
Valmet Automotive starts change negotiations at the car plant
Valmet Automotive has today issued a change negotiation proposal on the need to reduce personnel at the Uusikaupunki car plant. The proposal is based on financial and production-related grounds due to a decrease in vehicle contract manufacturing services, which has led to a lower-than-expected number of new customer projects. Change negotiations apply to all salaried… Continue reading Valmet Automotive starts change negotiations at the car plant
Valmet Automotive strengthens business line autonomy – Pasi Rannus appointed CEO
Valmet Automotive strengthens the autonomy of its business lines both in strategy and the operative model. The target is to increase operational flexibility and efficiency to enable business lines meet the challenges and opportunities of the business environment in an optimal way. As part of the change, Pasi Rannus, Senior Vice President Vehicle Contract Manufacturing… Continue reading Valmet Automotive strengthens business line autonomy – Pasi Rannus appointed CEO
Cummins names three experienced leaders to new roles
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins announced several changes to the Cummins Leadership Team. These appointments are effective Jan. 1, 2024. “Destination Zero is Cummins’ strategy for decarbonization of our products and is a growth opportunity for us. With our broad portfolio of innovative products, strong partnership with and understanding of our customers and their applications, unrivaled… Continue reading Cummins names three experienced leaders to new roles
Cummins Reports Third Quarter 2023 Results
COLUMBUS, IND.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2023. Third quarter revenues of $8.4 billion increased 15 percent from the same quarter in 2022. Sales in North America increased 16 percent and international revenues increased 13 percent due to the addition of Meritor and strong demand across most global… Continue reading Cummins Reports Third Quarter 2023 Results
Cummins names Amy Davis President of Components Business Segment; she will continue to lead Accelera
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins announced that Amy Davis will assume leadership of both the Accelera and Components Business Segments, serving as Vice President and President – Accelera and Components, effective November 1. “I am thrilled to have Amy lead both the Components and Accelera business segments,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “When… Continue reading Cummins names Amy Davis President of Components Business Segment; she will continue to lead Accelera
Valmet Automotive expands Zary plant to extend production of electromobility solutions
The plant expansion is necessary due to several new customer orders the Roof & Kinematic Systems (RKS) business line has received from renowned European automotive manufacturers in recent months. So far, convertible roof systems and kinematic solutions have been manufactured in a production area of 16,000 square meters, but a construction work for the expansion… Continue reading Valmet Automotive expands Zary plant to extend production of electromobility solutions
Allison Transmission Announces Third Quarter 2023 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), today reported third quarter net sales of $736 million, a 4 percent increase from the same period in 2022 and diluted EPS of $1.76, a 21 percent increase from the same period in 2022. David S. Graziosi, Chairman and Chief Executive Officer of Allison Transmission commented, “Allison’s third… Continue reading Allison Transmission Announces Third Quarter 2023 Results
Allison Transmission Selected for Australian Armored Vehicle Project as Part of Hanwha's Redback
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense platforms is pleased to announce its X1100-5A3™ cross-drive as the propulsion solution for the Hanwha Redback that was recently selected for Australia’s LAND 400 Phase 3 program scoped to replace the M113 Armored Personnel… Continue reading Allison Transmission Selected for Australian Armored Vehicle Project as Part of Hanwha's Redback
Cummins Components President Mahesh Narang to depart the company
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced that Mahesh Narang, Cummins Vice President and President of the Components Business, is departing Cummins on Oct. 27 to pursue an external opportunity. Mahesh served in a variety of business leadership roles during his more-than 20-year career at Cummins. “Mahesh’s impact on Cummins and our people are… Continue reading Cummins Components President Mahesh Narang to depart the company