COLUMBUS, Ind. & NUREMBERG, Germany–(BUSINESS WIRE)–Global power and technology leader, Cummins Inc. (NYSE: CMI) today announced that it, through its subsidiary Meritor, has completed its acquisition of Siemens’ Commercial Vehicles business, a leading global supplier of high-performance electric drive systems for commercial vehicles. In May 2022, Meritor, Inc. announced it had entered into an agreement… Continue reading Cummins closes on acquisition of Siemens’ Commercial Vehicles business
Author: BusinessWire Online News
Valmet Automotive and Mapvision introduce a flexible welding robot cell pilot
Valmet Automotive and Mapvision introduce a flexible welding cell demonstration that takes automotive manufacturing a major step towards a self-adjusting production process. The pilot welding cell was taken into use today in Valmet Automotive’s new Innovation Center as a part of the company’s Intelligent Manufacturing program. Valmet Automotive’s Intelligent Manufacturing program responds to the change… Continue reading Valmet Automotive and Mapvision introduce a flexible welding robot cell pilot
Center Console from Grammer in the new smart #1: Seamless combination of minimalism and function
Clean, efficient, and modern: Interior in the new smart #1 E-SUV High, free-standing center console with innovative functionalities Grammer AG, November 24, 2022 – That’s smart: A center console that “flows” seamlessly from the cockpit into the interior, thus redefining the interior and taking on new functions. The first all-electric SUV smart #1 focuses on… Continue reading Center Console from Grammer in the new smart #1: Seamless combination of minimalism and function
Velodyne Lidar Signs Multi-Year Agreement with GreenValley International
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a multi-year agreement to provide its lidar sensors to GreenValley International for handheld, mobile and unmanned aerial vehicle (UAV) 3D mapping solutions, including in GPS-denied environments. Velodyne is already shipping sensors to GreenValley as part of this agreement. GreenValley uses Velodyne’s Puck lidar sensors… Continue reading Velodyne Lidar Signs Multi-Year Agreement with GreenValley International
Cummins, Inc. Makes Minority Investment in Exergy Energy, LLC.
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE:CMI) has taken a minority stake in Exergy Energy, LLC. The Cummins – Exergy Energy partnership allows for the installation of Cummins power system solutions such as generator sets, energy storage systems, and switching equipment at the customer location to power the entire operation during grid outages or times of peak… Continue reading Cummins, Inc. Makes Minority Investment in Exergy Energy, LLC.
Valmet Automotive commits to Science Based Target Initiative in climate actions
Valmet Automotive has signed a public commitment letter to set science-based climate targets. The targets will be in line with the Science Based Targets Initiative, indicating how much and how quickly the company needs to reduce its greenhouse gas emissions to limit global warming from exceeding 1.5 °C aligned with the Paris Agreement. The automotive sector… Continue reading Valmet Automotive commits to Science Based Target Initiative in climate actions
Valmet Automotive to withdraw the planned Initial Public Offering and to continue to explore alternative financing options to support its growth strat…
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Cummins is Awarded Major Defense Contract for Power Generation Equipment
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE:CMI) has been selected as one of two awardees that will develop, manufacture, test, and produce generator sets in both the 500 kilowatt (kW) skid (MEPGS-10001) and Power Plants (PP) (MEPGS-35001) configurations to meet the electrical power needs for the Large Tactical Power System (LTPS) and the Department of Defense (DoD).… Continue reading Cummins is Awarded Major Defense Contract for Power Generation Equipment
South America’s largest trade show for the transport industry: Grammer showcasing a wide range of seating solutions at Fenatran
Highlights: MSG 90.7, Cinema Seat and the Roadtiger for the aftermarket Fenatran is one of the world’s top trade shows in the transport industry The approximately 450 exhibitors expect to welcome more than 60,000 visitors over five days Grammer AG, November 7, 2022 – After several years in which no trade fair was held, Grammer… Continue reading South America’s largest trade show for the transport industry: Grammer showcasing a wide range of seating solutions at Fenatran
Cummins Reports Third Quarter 2022 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2022. Third quarter revenues in total were $7.3 billion. Excluding the contribution of the Meritor, Inc. business, the acquisition of which was completed on August 3, 2022, third quarter revenues were $6.6 billion, representing an increase of 11 percent from the… Continue reading Cummins Reports Third Quarter 2022 Results