KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) has invested1 in Pyrenee Inc, which is developing safe driving assistance devices to achieve safer mobility in society. Pyrenee Drive, developed by Pyrenee Inc., is a retrofit device that assists the cognitive aspect of safe driving; it captures things around the vehicle that drivers fail to notice, which… Continue reading Toyoda Gosei Invests in Pyrenee Inc., a Start-up Developing Safe Driving Assist Devices
Author: BusinessWire Online News
Terex Advance Signs Letter of Intent to Integrate and Offer Cummins X15H
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI), a global power solutions provider and Terex® Advance, leading manufacturer of front-discharge concrete mixer trucks, announced today the signing of a Letter of Intent (LOI) to integrate Cummins’ X15H hydrogen internal combustion engines into the Terex Advance Commander Series. “As the global need to reduce emissions becomes stronger, we… Continue reading Terex Advance Signs Letter of Intent to Integrate and Offer Cummins X15H
U.S. Army’s M10 Booker Program in Production with Allison Transmission
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, has been awarded a contract worth approximately $13 million for the second phase of the U.S. Army’s Low-Rate Initial Production contract for the newly named M10 Booker Combat Vehicle, formerly known as Mobile Protected Firepower. Designed… Continue reading U.S. Army’s M10 Booker Program in Production with Allison Transmission
Accelera by Cummins, Daimler Truck and PACCAR form a joint venture to advance battery cell production in the United States
COLUMBUS, Ind. & PORTLAND, Ore. & BELLEVUE, Wash.–(BUSINESS WIRE)–Accelera by Cummins, the zero-emissions business unit of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC (a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”) and PACCAR [NASDAQ: PCAR] are partnering to accelerate and localize battery cell production and the battery supply chain in… Continue reading Accelera by Cummins, Daimler Truck and PACCAR form a joint venture to advance battery cell production in the United States
Cummins Distribution Business President Tracy Embree to Depart the Company
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced that Tracy Embree, Cummins Vice President and President of the Distribution Business, is leaving Cummins on September 8 to pursue an external opportunity. Tracy served in a variety of leadership roles during her distinguished 23-year career at Cummins. “Tracy has had a tremendous impact on people and… Continue reading Cummins Distribution Business President Tracy Embree to Depart the Company
Allison Transmission Delivers Propulsion Solution for New Mack® Compressed Natural Gas Truck
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission is pleased to announce that Mack Trucks, one of North America’s largest producers of heavy-duty trucks, has selected the Allison 4500 Rugged Duty Series™ (RDS) as the exclusive transmission currently offered for its new compressed natural gas (CNG)-powered Mack® Granite® model. This partnership is the latest example of Allison’s ability to deliver… Continue reading Allison Transmission Delivers Propulsion Solution for New Mack® Compressed Natural Gas Truck
Accelera Powers North America’s First Green Hydrogen Passenger Train
COLUMBUS, Ind.–(BUSINESS WIRE)–Accelera™ by Cummins, the zero-emission business segment of Cummins Inc. (NYSE: CMI), is powering North America’s first hydrogen passenger train, marking a major milestone and significant step forward in the transition to clean urban transportation in the Americas. The train, the Coradia iLint, is manufactured by Alstom, the global green and smart mobility… Continue reading Accelera Powers North America’s First Green Hydrogen Passenger Train
Cummins Reports Strong Second Quarter 2023 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2023. Second quarter revenues of $8.6 billion increased 31 percent from the same quarter in 2022. Sales in North America increased 31 percent and international revenues increased 32 percent due to the addition of Meritor and strong demand across most global… Continue reading Cummins Reports Strong Second Quarter 2023 Results
Allison Transmission Announces Second Quarter 2023 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), today reported second quarter net sales of $783 million, an 18 percent increase from the same period in 2022 and diluted EPS of $1.92, a 52 percent increase from the same period in 2022. David S. Graziosi, Chairman and Chief Executive Officer of Allison Transmission commented, “We are… Continue reading Allison Transmission Announces Second Quarter 2023 Results
Valmet Automotive again ranked within the top 100 global automotive suppliers
Compared to last year, Valmet Automotive has lost 14 places and is now in 100th place. This comes not as a surprise. The performance is mainly due to the scheduled end of production of the Mercedes-Benz GLC in mid-2022. The model, which was produced at the Uusikaupunki plant alongside with the Mercedes-Benz A-Class, has been… Continue reading Valmet Automotive again ranked within the top 100 global automotive suppliers