INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified propulsion solutions, is pleased to announce the delivery of the first Allison FracTranTM transmissions to multiple industry partners. Allison’s FracTran is an all-new Oil Field SeriesTM transmission designed from-the-ground-up to meet the unique demands of the hydraulic fracturing industry and represents an incremental… Continue reading Allison Transmission Delivers First Next-Generation Hydraulic Fracturing Transmissions to Multiple Industry Partners
Author: BusinessWire Online News
Quanergy Systems Announces Closing of Business Combination
SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems Announces Closing of Business Combination Go to Source
Cummins to Purchase Remaining Shares in the Former Cummins Westport Joint Venture from Westport Fuel Systems
COLUMBUS, Ind. & VANCOUVER, British Columbia–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Westport Fuel Systems Inc. (“Westport”) (TSX:WPRT | Nasdaq:WPRT) have agreed to a share purchase agreement for the sale of Westport’s stake in the Cummins Westport Joint Venture (“JV”) with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins… Continue reading Cummins to Purchase Remaining Shares in the Former Cummins Westport Joint Venture from Westport Fuel Systems
Cummins Reports Fourth Quarter and Full Year 2021 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported full year 2021 results. Revenues for the full year were $24 billion, 21 percent higher than 2020. Sales in North America increased 17 percent and international revenues increased 27 percent. Sales increased in all major regions compared to the prior year, which was severely impacted by the… Continue reading Cummins Reports Fourth Quarter and Full Year 2021 Results
Velodyne Lidar Announces Dr. Anurag Gupta as Executive Vice President of Engineering
SAN JOSE, Calif.–(BUSINESS WIRE)– #VelodyneLidar–Velodyne Lidar announced it has appointed Dr. Anurag Gupta as its Executive Vice President of Engineering. Go to Source
Toyoda Gosei Develops Lightweight Oil Pump
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) has developed a lighter weight oil pump, one of the component parts in automobile transmissions, by making some sections of the pump with plastic instead of metal. Oil pumps circulate oil to decrease friction in the transmission gears and bearings. Toyoda Gosei has leveraged one of its core… Continue reading Toyoda Gosei Develops Lightweight Oil Pump
A Zero Emissions Future Starts Now: Werner Enterprises and Cummins Announce Collaboration to Integrate Cummins’ New 15-liter Natural Gas and 15-liter Hydrogen Internal Combustion Engines
COLUMBUS, Ind.–(BUSINESS WIRE)–Werner Enterprises (Nasdaq: WERN), a premier transportation and logistics provider, and Cummins Inc. (NYSE: CMI), global power solutions provider, have announced that Werner will begin validation and integration of Cummins’ recently announced 15-liter natural gas and 15-liter hydrogen internal combustion engines in its vehicles. Cummins will begin integrating these new powertrains in Werner… Continue reading A Zero Emissions Future Starts Now: Werner Enterprises and Cummins Announce Collaboration to Integrate Cummins’ New 15-liter Natural Gas and 15-liter Hydrogen Internal Combustion Engines
Valmet Automotive strengthens significantly its financial resources
Valmet Automotive strengthens its working capital financing with a EUR 100 million loan granted by Finnvera, a specialized financing company owned by the State of Finland, and guaranteed by the European Investment Bank’s Pan-European Guarantee Fund. The credit demonstrates the financial sector’s confidence in Valmet Automotive’s business strategy and growth, and it supports the company’s development… Continue reading Valmet Automotive strengthens significantly its financial resources
Electric mobility: Valmet Automotive further expands Kinematic Systems product range
Valmet Automotive, a global leader in vehicle contract manufacturing and Tier-1 supplier of battery systems and roof and kinematic solutions, significantly expands its comprehensive product range of kinematic systems for electric vehicles. Due to the strong market trend to electric mobility, the company expects high growth potential in the business of additional comfort systems, but… Continue reading Electric mobility: Valmet Automotive further expands Kinematic Systems product range
Isuzu and Cummins Announce Battery Electric Truck Collaboration
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Isuzu Motors Limited announced an agreement to create a prototype medium-duty, battery electric truck to demonstrate in North America. This truck represents the first zero-emissions solution facilitated by the Isuzu Cummins Powertrain Partnership (ICPP) formed in May 2019. Through this arrangement, Cummins will integrate the Cummins PowerDrive6000 into… Continue reading Isuzu and Cummins Announce Battery Electric Truck Collaboration